West African Resources Limited (OTCMKTS:WFRSF) Sees Significant Decline in Short Interest

West African Resources Limited (OTCMKTS:WFRSF) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 878,400 shares, a drop of 15.7% from the October 31st total of 1,042,400 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 76.4 days.

West African Resources Trading Down 7.8 %

Shares of OTCMKTS:WFRSF opened at $0.91 on Monday. The stock has a 50 day moving average of $1.05 and a 200 day moving average of $0.97. West African Resources has a 12-month low of $0.40 and a 12-month high of $1.35.

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.