Could Asanko Gold Inc See a Reversal After This Very Strong Session?

 Could Asanko Gold Inc See a Reversal After This Very Strong Session?

The stock of Asanko Gold Inc (TSE:AKG) is a huge mover today! About 1.60 million shares traded hands or 33.33% up from the average. Asanko Gold Inc (TSE:AKG) has risen 34.91% since April 8, 2016 and is uptrending. It has outperformed by 29.92% the S&P500.
The move comes after 7 months positive chart setup for the $856.23M company. It was reported on Nov, 14 by Barchart.com. We have $7.25 PT which if reached, will make TSE:AKG worth $539.42M more.

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. Asanko Gold has been the topic of 12 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, December 22 by RBC Capital Markets. As per Friday, November 4, the company rating was maintained by Scotia Capital. The firm earned “Outperform” rating on Friday, September 16 by BMO Capital Markets. As per Friday, October 14, the company rating was maintained by Scotia Capital.

More recent Asanko Gold Inc (TSE:AKG) news were published by: Business.Financialpost.com which released: “Hedge fund claims 90% downside potential at Asanko Gold” on June 29, 2016. Also Seekingalpha.com published the news titled: “The Long Case For Asanko Gold Inc.” on October 09, 2015. Seekingalpha.com‘s news article titled: “Asanko Gold: More Upside On The Horizon” with publication date: October 19, 2016 was also an interesting one.

Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $856.23 million. 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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