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West African Resources Limited is a gold business based in Australia. West African Resources shares (WAF) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.005 – a decrease of 7.37% over the previous week. West African Resources has a trailing 12-month revenue of around $59.3 million.
How to buy shares in West African Resources
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for West African Resources. Find the share by name or ticker symbol: WAF. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until West African Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $1.005, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of West African Resources. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
🧪How we chose these brokersFor our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.
What's in this guide?
- West African Resources key stats
- Compare share trading platforms
- Is West African Resources stock a buy or sell?
- West African Resources performance over time
- Are West African Resources shares over-valued?
- West African Resources's financials
- How volatile are West African Resources shares?
- Does West African Resources pay a dividend?
- Other common questions
How has coronavirus impacted West African Resources's share price?
Since the stock market crash in March caused by coronavirus, West African Resources's share price has had significant positive movement.
Its last market close was $1.005, which is 41.79% up on its pre-crash value of $0.585 and 175.34% up on the lowest point reached during the March crash when the shares fell as low as $0.365.
If you had bought $1,000 worth of West African Resources shares at the start of February 2020, those shares would have been worth $852.63 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,115.79.
West African Resources share priceUse our graph to track the performance of WAF stocks over time.
West African Resources shares at a glance
|Latest market close||AUDA$1.005|
|52-week range||AUDA$0.375 - AUDA$1.23|
|50-day moving average||AUDA$1.0719|
|200-day moving average||AUDA$0.907|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||AUDA$0.002|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy West African Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
West African Resources price performance over time
|1 week (2020-10-22)||0%|
|1 month (2020-10-01)||-9.87%|
|3 months (2020-07-31)||-3.83%|
|6 months (2020-05-01)||45.65%|
|1 year (2019-10-31)||118.48%|
|2 years (2018-10-31)||265.45%|
|3 years (2017-10-31)||161.04%|
|5 years (2015-10-30)||1,258.11%|
Is West African Resources under- or over-valued?
Valuing West African Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of West African Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
West African Resources's P/E ratio
West African Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 452x. In other words, West African Resources shares trade at around 452x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
West African Resources's EBITDA
West African Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $24.4 million.
The EBITDA is a measure of a West African Resources's overall financial performance and is widely used to measure a its profitability.
West African Resources financials
|Revenue TTM||$59.3 million|
|Operating margin TTM||32%|
|Gross profit TTM||$1.2 million|
|Return on assets TTM||-1.68%|
|Return on equity TTM||-5.7%|
|Market capitalisation||$911.1 million|
TTM: trailing 12 months
West African Resources share dividends
We're not expecting West African Resources to pay a dividend over the next 12 months.
West African Resources share price volatility
Over the last 12 months, West African Resources's shares have ranged in value from as little as $0.375 up to $1.23. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while West African Resources's is 2.0911. This would suggest that West African Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.
West African Resources overview
West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. The company explores for gold and copper. Its key asset is the 100% owned Sanbrado gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.
Frequently asked questions
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