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West African Resources Ltd ( (AU:WAF) ) has issued an update.
Mitsubishi UFJ Financial Group Inc has lodged a notice that it has ceased to be a substantial holder in West African Resources Ltd as of 24 December 2025, under Australian Corporations Act disclosure rules. The filing details multiple small on-market purchases of fully paid ordinary shares in West African Resources by an entity controlled by Morgan Stanley, which collectively altered Mitsubishi UFJ’s relevant interest and voting power so that it no longer met the substantial holder threshold, signalling a change in the company’s institutional shareholding base that investors may monitor for shifts in market support and liquidity.
The most recent analyst rating on (AU:WAF) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
More about West African Resources Ltd
West African Resources Ltd is an ASX-listed resources company (ACN 121 539 375), focused on the exploration and development of mineral resources in West Africa, primarily through the acquisition and operation of gold and other commodity projects in the region.
YTD Price Performance: 118.82%
Average Trading Volume: 15,724,848
Technical Sentiment Signal: Buy
Current Market Cap: A$3.59B
For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.