- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Volume is elevated versus the 13-week average, confirming attention.
- Latest weekly return ranks in the strongest part of its sector group.
WAF
ASX
Week ended 07 Aug 2026
Weekly Investor Report
West African Resources Limited · Basic Materials · Gold
Latest close
3.48 AUD
22.5%
latest week
Weekly setup
Mixed setup
The weekly trend is not active. Price is 9.8% above the Trend Line and sits at 66.4% of its 52-week range. The latest completed week returned 22.5%, after a 22.1% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is inexpensive relative to peers. The latest news-sentiment score is 53/100.
Setup score
58
out of 100
Latest Close
3.48 AUD
7 Aug 2026
1W Return
22.5%
latest completed week
4W Return
22.1%
short-term follow-through
12W Return
6.4%
quarterly tape
Trend Breadth
71.2%
37 of 52 weeks active
Volume Ratio
1.6x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Activity pressure is negative, which weakens the current setup.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
22.5%
Latest completed week; four-week move 22.1%.
Indicator stack
39/41
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
News sentiment
53/100
31 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is 9.8% above the Trend Line and sits at 66.4% of its 52-week range. The latest completed week returned 22.5%, after a 22.1% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 1.6x the 13-week average. Participation is unusually strong and confirms that the move is attracting attention.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.2312-week average 0.30
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership5/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.23Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 22.1% over four weeks, 6.4% over 12 weeks, and 30.3% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year37
Trend breadth71.2%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure-0.64Latest activity-pressure read.
Pressure change33.5%Four-week change in activity pressure.
Leadership6.77Latest relative-leadership reading.
RS change198.5%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is inexpensive relative to peers.
Factor week 09 Aug 2026
Financial statements through 31 Dec 2025
Field coverage 82%
Model confidence 65%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength100/100Blend of value, momentum, and quality. Underlying universe rank 1; rank 1 is best.
Value96/100Relative valuation strength. Underlying universe rank 5; rank 1 is best.
Quality99/100Profitability and accounting quality. Underlying universe rank 2; rank 1 is best.
Momentum91/100Medium-term price momentum. Underlying universe rank 10; rank 1 is best.
Growth99/100Revenue and earnings growth. Underlying universe rank 2; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Value-quality framework98/100Value and quality alignment from the Sharemaestro SVQF framework.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 8.4x Price divided by trailing earnings.
- Price / sales
- 2.6x Market value relative to trailing revenue.
- EV / EBITDA
- 4.1x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 9.2% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 63.4% Gross profit retained from each unit of revenue.
- Operating margin
- 52.8% Operating profit retained from revenue.
- Free-cash-flow margin
- 23.4% Free cash flow generated from revenue.
- Return on invested capital
- 38.4% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 111.7% Latest one-year revenue growth.
- EPS growth
- 111.2% Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- - Latest one-year free-cash-flow growth.
- Piotroski F-score
- 5/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- - Cash dividends relative to market value.
- Buyback yield
- 0.0% Net share repurchases relative to market value.
- Shareholder yield
- 0.0% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- -0.1x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment53/100
Weighted news tone is neutral across 31 relevant articles.
7 positive · 22 neutral · 2 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-12.3%Distance below the 52-week high.
13-week volatility7.5%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
13 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher15 of 2611 weeks finished lower.
Best week+22.5%Week of 7 Aug.
Worst week-10.2%Week of 13 Mar.
Latest week+22.5%Week of 7 Aug.
Shape of recent returns
Strong gains5
Modest gains10
Flat weeks0
Modest losses4
Sharp losses7
Recent vol7.5%13-week weekly-return volatility.
Base vol5.9%52-week weekly-return volatility.
Up/down split24/16Count of positive and negative weeks in the 52-week window.
Average skew5.2% / -5.6%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorAU Basic Materials
4-week rank15 / 100
Group average7.2%
Trend breadth21.0%
Trend21.0%active weekly trend signals
MD27.0%positive activity pressure
RS52.0%positive relative leadership
Four-week leaders
IndustryAU Gold
4-week rank16 / 100
Group average5.5%
Trend breadth6.0%
Trend6.0%active weekly trend signals
MD17.0%positive activity pressure
RS30.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape51/100
Trend, activity pressure, participation, and risk combine to a 51/100 tape read.
Indicator analysis20/100Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 5/12.
Activity pressure 0.23; No reversal markers Factors96/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 64 SVQF98/100Value and quality alignment from the Sharemaestro SVQF framework.
Composite rank 6.0 of 257 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment53/100Weighted news tone is neutral across 31 relevant articles.
ASX Preview: Australian Shares to Rise on Gold Gains; Capstone Copper Q2 Adjusted Earnings, Revenue Up Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 3.48 AUD | 22.5% | 3.17 AUD | 2.04 AUD | -0.64 | 6.77 | 23.7M | Off |
| 31 Jul 2026 | 2.84 AUD | 1.4% | 3.16 AUD | 2.02 AUD | -1.10 | -9.72 | 15.0M | Off |
| 24 Jul 2026 | 2.80 AUD | 3.7% | 3.17 AUD | 2.01 AUD | -1.13 | -8.64 | 20.0M | Off |
| 17 Jul 2026 | 2.70 AUD | -5.3% | 3.18 AUD | 2.00 AUD | -1.11 | -11.93 | 20.3M | Off |
| 10 Jul 2026 | 2.85 AUD | -2.1% | 3.19 AUD | 1.99 AUD | -0.96 | -6.88 | 21.1M | Off |
| 3 Jul 2026 | 2.91 AUD | 1.0% | 3.19 AUD | 1.97 AUD | -0.97 | -5.01 | 5.5M | Off |
| 26 Jun 2026 | 2.88 AUD | -7.4% | 3.19 AUD | 1.96 AUD | -0.98 | -4.83 | 5.0M | Off |
| 19 Jun 2026 | 3.11 AUD | 3.7% | 3.19 AUD | 1.95 AUD | -0.91 | 2.42 | 6.0M | Off |
| 12 Jun 2026 | 3.00 AUD | -2.9% | 3.18 AUD | 1.93 AUD | -1.04 | -0.38 | 6.9M | Off |
| 5 Jun 2026 | 3.09 AUD | -2.5% | 3.18 AUD | 1.92 AUD | -0.92 | 5.12 | 2.4M | Off |
| 29 May 2026 | 3.17 AUD | 5.3% | 3.18 AUD | 1.90 AUD | -0.88 | 6.98 | 24.2M | Off |
| 22 May 2026 | 3.01 AUD | -8.0% | 3.18 AUD | 1.89 AUD | -0.95 | 2.62 | 22.9M | Off |
| 15 May 2026 | 3.27 AUD | 3.2% | 3.18 AUD | 1.88 AUD | -0.80 | 12.02 | 17.6M | On |
| 8 May 2026 | 3.17 AUD | 5.0% | 3.17 AUD | 1.86 AUD | -0.83 | 7.84 | 20.8M | On |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.