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

West African Resources Limited (OTCMKTS:WFRSF) was the target of a significant increase in short interest in 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 trading volume, of 15,600 shares, the short-interest ratio is currently 105.4 days.

West African Resources Stock Performance

Shares of OTCMKTS: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 stock’s 50-day moving average is $1.28 and its 200 day moving average is $1.10.

West African Resources Company Profile

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.