Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Expands By 19.4%

West African Resources Limited (OTCMKTS:WFRSF) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,629,700 shares, an increase of 19.4% from the June 15th total of 1,365,200 shares. Based on an average trading volume of 32,200 shares, the short-interest ratio is currently 50.6 days.

West African Resources Price Performance

Shares of West African Resources stock opened at $1.09 on Friday. West African Resources has a 12-month low of $0.40 and a 12-month high of $1.09. The company’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $0.74.

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.