Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Expands By 27.4%

West African Resources Limited (OTCMKTS:WFRSF) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,644,700 shares, an increase of 27.4% from the March 15th total of 1,291,300 shares. Based on an average daily volume of 15,600 shares, the short-interest ratio is presently 105.4 days.

West African Resources Stock Up 10.2 %

Shares of WFRSF opened at $1.62 on Friday. West African Resources has a 1-year low of $0.46 and a 1-year high of $1.66. The firm’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.10.

About West African Resources

West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% owned exploration license in the Toega Gold Project located in Burkina Faso.