Does Asanko Gold Inc Have Any Gas After Today’s Huge Decline?

 Does Asanko Gold Inc Have Any Gas After Today's Huge Decline?

The stock of Asanko Gold Inc (TSE:AKG) is a huge mover today! About 242,742 shares traded hands. Asanko Gold Inc (TSE:AKG) has risen 92.75% since March 31, 2016 and is uptrending. It has outperformed by 91.66% the S&P500.
The move comes after 9 months negative chart setup for the $1.06 billion company. It was reported on Nov, 4 by Barchart.com. We have $4.91 PT which if reached, will make TSE:AKG worth $53.00 million less.

Asanko Gold Inc (TSE:AKG) Ratings Coverage

Out of 3 analysts covering Asanko Gold (TSE:AKG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $7.50 is the highest target while $2.50 is the lowest. The $5.58 average target is 7.93% above today’s ($5.17) stock price. Asanko Gold has been the topic of 11 analyst reports since August 24, 2015 according to StockzIntelligence Inc. On Friday, October 14 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, December 22. The firm earned “Outperform” rating on Friday, September 16 by BMO Capital Markets.

More notable recent Asanko Gold Inc (TSE:AKG) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on March 04, 2013, also Juniorminingnetwork.com with their article: “Asanko Gold to Proceed With Phase 2A Expansion” published on November 03, 2016, Business.Financialpost.com published: “Hedge fund claims 90% downside potential at Asanko Gold” on June 29, 2016. More interesting news about Asanko Gold Inc (TSE:AKG) were released by: Seekingalpha.com and their article: “The Long Case For Asanko Gold Inc.” published on October 09, 2015 as well as Seekingalpha.com‘s news article titled: “Asanko Gold: More Upside On The Horizon” with publication date: October 19, 2016.

Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $1.06 billion. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. It currently has negative earnings. The Company’s segment is the exploration and development of resource properties.

AKG.TO Company Profile

Asanko Gold Inc. (Asanko), incorporated on October 23, 1999, is an exploration and development-stage company. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Company’s subsidiaries include Keegan Resources (Ghana) Limited Ghana (Asanko Ghana), Adansi Gold Company (GH) Limited (Adansi Ghana), Asanko Gold South Africa (PTY) Ltd., Asanko International (Barbados) Inc., Asanko Gold (Barbados) Inc. and PMI Gold Corporation (PMI). PMI is a resource exploration and development firm which, through its subsidiaries, holds exploration and mining leases in the Ashanti and Asankrangwa Gold Belts of Ghana, Africa. PMI’s principal project is a gold development project, the Obotan Gold Project, which has been combined with the Company’s principal project, the Esaase Gold Project, to form the Asanko Gold Mine.

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