Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Declines By 13.0%

West African Resources Limited (OTCMKTS:WFRSF) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,036,500 shares, a decline of 13.0% from the December 31st total of 1,190,900 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 545.5 days.

West African Resources Trading Up 4.1 %

OTCMKTS:WFRSF opened at $1.04 on Friday. The stock has a 50-day moving average price of $0.96 and a 200 day moving average price of $0.97. West African Resources has a 12-month low of $0.42 and a 12-month 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.