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West African Resources Ltd ( (AU:WAF) ) just unveiled an update.
Morgan Stanley and its listed subsidiaries have notified West African Resources Ltd that they have ceased to be a substantial shareholder in the company as of 22 December 2025. The change in status follows a series of transactions in the company’s ordinary shares conducted by Morgan Stanley Australia Securities Limited, altering the group’s relevant interest and voting power below the substantial holding threshold, and signalling a shift in the company’s institutional shareholding profile that may be closely watched by other investors and market participants.
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 Australian-listed resources company focused on the exploration and development of gold and other mineral assets in West Africa. The company operates in the mining sector, with its primary activities centred on discovering, developing and producing precious metals 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
Find detailed analytics on WAF stock on TipRanks’ Stock Analysis page.