West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) rose 27.5% on Monday . The company traded as high as $2.5499 and last traded at $2.5499. Approximately 140 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 6,978 shares. The stock had previously closed at $2.00.
West African Resources Trading Down 26.7%
The company has a 50-day moving average of $2.22 and a 200-day moving average of $2.12.
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.
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