Shares of West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) were down 15.6% during trading on Wednesday . The company traded as low as $2.25 and last traded at $2.25. Approximately 10,961 shares traded hands during trading, a decline of 28% from the average daily volume of 15,329 shares. The stock had previously closed at $2.6660.
West African Resources Stock Down 15.6%
The firm’s 50-day moving average price is $1.94 and its two-hundred day moving average price is $1.65.
About West African Resources
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.
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