West African Resources Limited (OTCMKTS:WFRSF) Short Interest Update

West African Resources Limited (OTCMKTS:WFRSF) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,503,500 shares, a decrease of 45.3% from the March 31st total of 2,749,800 shares. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 30.8 days.

West African Resources Price Performance

Shares of OTCMKTS:WFRSF opened at $0.96 on Friday. West African Resources has a fifty-two week low of $0.40 and a fifty-two week high of $0.98. The firm has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $0.60.

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.