Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Decreases By 32.0%

West African Resources Limited (OTCMKTS:WFRSF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 726,900 shares, a decrease of 32.0% from the August 15th total of 1,069,700 shares. Based on an average daily trading volume, of 15,000 shares, the days-to-cover ratio is presently 48.5 days.

West African Resources Price Performance

Shares of WFRSF stock opened at $1.03 on Friday. The stock’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.86. West African Resources has a 1 year low of $0.40 and a 1 year high of $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.