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West African Resources Ltd ( (AU:WAF) ) has shared an update.
West African Resources Ltd has announced a suspension of its securities from quotation following a request from the government of Burkina Faso to acquire an additional 35% stake in its subsidiary, Kiaka SA. The suspension will remain in place until the company complies with ASX Listing Rules and provides the necessary announcement, impacting its operations and potentially altering its strategic positioning in the region.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 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 operates in the mining industry, focusing on the exploration and production of gold. The company has a significant market presence in West Africa, particularly in Burkina Faso, where it manages several mining projects.
YTD Price Performance: 111.85%
Average Trading Volume: 5,381,319
Technical Sentiment Signal: Buy
Current Market Cap: A$3.47B
Learn more about WAF stock on TipRanks’ Stock Analysis page.