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West African Resources Ltd ( (AU:WAF) ) has issued an update.
Morgan Stanley and certain subsidiaries have notified West African Resources Ltd that they have ceased to be a substantial shareholder in the company as of 22 January 2026. The change in status follows a series of on-market trades in the company’s ordinary shares, involving numerous small and large buy and sell transactions by Morgan Stanley Australia Securities Limited and Morgan Stanley & Co. International plc, which collectively reduced Morgan Stanley’s holding below the substantial shareholder threshold. The move alters the company’s institutional share register composition and may be watched closely by investors assessing changes in major strategic or institutional backing for West African Resources.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$4.00 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 Australia-listed resources company focused on the exploration and development of mineral assets in West Africa. The company’s primary activities centre on acquiring, exploring and operating gold and other resource projects in the region, targeting investors seeking exposure to West African mining opportunities.
Average Trading Volume: 11,728,416
Technical Sentiment Signal: Buy
Current Market Cap: A$4.25B
For an in-depth examination of WAF stock, go to TipRanks’ Overview page.