Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Decreases By 15.7%

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

West African Resources Stock Performance

OTCMKTS WFRSF opened at $0.91 on Friday. The company has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $0.97. West African Resources has a 52 week low of $0.40 and a 52 week high of $1.35.

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.