West African Resources (OTCMKTS:WFRSF) Trading Down 5% – What’s Next?

West African Resources Limited (OTCMKTS:WFRSF) shares fell 5% on Wednesday . The stock traded as low as $1.91 and last traded at $1.91. 1,180 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 9,077 shares. The stock had previously closed at $2.01.

West African Resources Trading Down 5.0%

The business has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $1.78.

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.