West African Resources (OTCMKTS:WFRSF) Stock Price Down 5% – Should You Sell?

West African Resources Limited (OTCMKTS:WFRSF) traded down 5% during mid-day trading on Tuesday . The stock traded as low as $1.90 and last traded at $1.90. 3,108 shares changed hands during trading, a decline of 90% from the average session volume of 32,602 shares. The stock had previously closed at $2.00.

West African Resources Stock Down 5.0%

The firm’s fifty day moving average is $1.57 and its 200 day moving average is $1.56.

West African Resources Company Profile

West African Resources Limited (OTCMKTS:WFRSF) is an Australia-domiciled gold mining company focused on the exploration, development and operation of gold projects in West Africa. The company’s primary asset is the Sanbrado Gold Project in Burkina Faso, which hosts both open-pit and underground ore bodies. West African Resources holds all necessary mining permits for Sanbrado and maintains a portfolio of exploration licenses across the country.

The Sanbrado Gold Project achieved first gold pour in January 2021 following completion of its Phase I processing plant, which has a nameplate capacity of 1.2 million tonnes per annum.