Price Action Report: Asanko Gold Inc Declines A lot Today, Is Now One of The Worst Performer

Price Action Report: Asanko Gold Inc Declines A lot Today, Is Now One of The Worst Performer

The stock of Asanko Gold Inc (NYSEMKT:AKG) is a huge mover today! The stock decreased 3.53% or $0.14 on November 4, hitting $3.83. About 326,407 shares traded hands. Asanko Gold Inc (NYSEMKT:AKG) has risen 81.28% since April 4, 2016 and is uptrending. It has outperformed by 80.19% the S&P500.
The move comes after 8 months negative chart setup for the $753.84 million company. It was reported on Nov, 4 by We have $3.64 PT which if reached, will make NYSEMKT:AKG worth $37.69M less.

Analysts await Asanko Gold Inc (NYSEMKT:AKG) to report earnings on November, 21.

According to Zacks Investment Research, “Asanko Gold Inc. is a gold producer with its flagship asset, the Asanko Gold Mine, located in Ghana, West Africa. Asanko Gold Inc., formerly known as Keegan Resources Inc., is based in Vancouver, Canada.”

More notable recent Asanko Gold Inc (NYSEMKT:AKG) news were published by: which released: “Asanko Gold to Proceed With Phase 2A Expansion” on November 03, 2016, also with their article: “Hedge fund claims 90% downside potential at Asanko Gold” published on June 29, 2016, published: “The Long Case For Asanko Gold Inc.” on October 09, 2015. More interesting news about Asanko Gold Inc (NYSEMKT:AKG) were released by: and their article: “Asanko Gold: More Upside On The Horizon” published on October 19, 2016 as well as‘s news article titled: “Asanko Gold Will Continue Outperforming Peers – Here’s Why” with publication date: September 27, 2016.

AKG 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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