West African Resources (OTCMKTS:WFRSF) Trading Down 5% – Here’s Why

Shares of West African Resources Limited (OTCMKTS:WFRSFGet Free Report) dropped 5% during trading on Wednesday . The stock traded as low as $0.95 and last traded at $0.95. Approximately 1,000 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 19,109 shares. The stock had previously closed at $1.00.

West African Resources Stock Performance

The stock’s 50-day moving average is $1.06 and its two-hundred day moving average is $0.97.

West African Resources Company Profile

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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.

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