West African Resources (ASX:WAF) Trading Up 1.2%

Shares of West African Resources Ltd (ASX:WAF) were up 1.2% during trading on Friday . The stock traded as high as A$0.45 ($0.32) and last traded at A$0.43 ($0.30), approximately 531,740 shares changed hands during mid-day trading. An increase of 24% from the average daily volume of 428,082 shares. The stock had previously closed at A$0.43 ($0.30).

The company has a debt-to-equity ratio of 131.79, a quick ratio of 6.89 and a current ratio of 6.94. The company has a market cap of $374.31 million and a PE ratio of -43.00. The company’s 50-day simple moving average is A$0.46 and its 200 day simple moving average is A$0.38.

About West African Resources (ASX:WAF)

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. It holds 100% interests in the Sanbrado gold project; and the Boulsa gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.

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