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1 Comment
West African Resources Limited is currently in a long term uptrend where the price is trading 14.7% above its 200 day moving average.
From a valuation standpoint, the stock is 99.7% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 2.4.
West African Resources Limited's total revenue rose by 53471.1% to $252M since the same quarter in the previous year.
Its net income has increased by 7850.5% to $86M since the same quarter in the previous year.
Finally, its free cash flow grew by 117.5% to $35M since the same quarter in the previous year.
Based on the above factors, West African Resources Limited gets an overall score of 5/5.
Industry | Gold |
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Sector | Basic Materials |
ISIN | AU000000WAF6 |
CurrencyCode | AUD |
Exchange | AU |
Beta | 0.81 |
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Dividend Yield | 0.0% |
Target Price | 1.75 |
PE Ratio | 6.52 |
Market Cap | 1B |
West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project covering an area of 116 square kilometers located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% exploration license in the Toega Gold Project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.
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