48LOW

WAF

WESTAFRICA FPO [WAF]
West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 85% interests in the Sanbrado Gold and Kiaka Gold projects located in Burkina Faso. It also holds interests in the Toega Gold Project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.
Basic Materials · ASX Small Cap
$3.0150 -4.3%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical64
Catalyst53
Sentiment50
Fundamental100
Momentum74
Risk Gate45
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Low P/S ratio (2.3x)
  • Strong revenue growth (+176%)
  • Piotroski F-Score strong (9/9, low-confidence approx)
  • EPS estimates revised upward (+10pts)
  • Post-earnings drift: positive surprise (SUE +10)
  • Director buying detected (1 transactions)
  • CANSLIM C: Strong EPS growth (103% QoQ)
  • CANSLIM A: Strong annual earnings CAGR (42%)
  • CANSLIM I: Institutional ownership (54%)
  • Strong return on equity (37%)
  • Healthy profit margins (31%)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 23% over the past year
  • Earnings are trending the right way — 2 consecutive improvements
  • Revenue growing at +176% — the top line is moving in the right direction
  • Beneish M-Score -1.97 (grey zone -2.22 to -1.78): possible earnings manipulation
  • RBA hiking (-3pts)

Risk Signals

  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Application for quotation of securities - WAF
NONE Change in substantial holding
NONE Change of Director's Interest Notice X 4
Announcement tone +3pts

Recent ASX Announcements

2026-03-23 Application for quotation of securities - WAF
2026-03-23 Change in substantial holding
2026-03-20 Change of Director's Interest Notice X 4
2026-03-20 Application for quotation of securities - WAF
2026-03-20 Notification regarding unquoted securities - WAF

Key Metrics

$3.6B
Market Cap
12.7M
Avg Volume
1.4x
Vol Ratio
$1.92 — $3.97
52-Week Range
1.2%
Short Interest
N/A
Cash Runway
36.9%
ROE
30.7%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSpassEPS Growth: 103%
AAnnual EarningspassCAGR: 42%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 92%
LLeader vs LaggardlaggardRS: 0
IInstitutional SponsorshippassInst: 54%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #237 of 558 · Sector avg: 46

View all Basic Materials signals →
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