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West African Resources Ltd ( (AU:WAF) ) has issued an update.
Morgan Stanley and its listed subsidiaries have lodged a notice that they have ceased to be a substantial holder in West African Resources Limited as of 6 January 2026. The filing details numerous on-market purchases of ordinary shares by Morgan Stanley Australia Securities Limited, but overall reflects a reduction in Morgan Stanley’s relevant interest to below the substantial holding threshold, signalling a shift in the shareholder base that may alter the mix of institutional ownership in the company.
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 Limited is an Australian-listed company operating in the resources sector, with its securities traded as ordinary shares on the ASX. The company attracts interest from global financial institutions and brokers that actively trade and manage positions in its stock.
Average Trading Volume: 13,011,802
Technical Sentiment Signal: Buy
Current Market Cap: A$3.66B
See more insights into WAF stock on TipRanks’ Stock Analysis page.