Price Don’t Lie: Is Buying Asanko Gold Inc Here a Winning Strategy?

Price Don't Lie: Is Buying Asanko Gold Inc Here a Winning Strategy?

The stock of Asanko Gold Inc (NYSEMKT:AKG) is a huge mover today! About 126,973 shares traded hands. Asanko Gold Inc (NYSEMKT:AKG) has risen 26.89% since April 22, 2016 and is uptrending. It has outperformed by 21.48% the S&P500.
The move comes after 6 months positive chart setup for the $674.54M company. It was reported on Nov, 25 by Barchart.com. We have $3.69 PT which if reached, will make NYSEMKT:AKG worth $47.22 million more.

Analysts await Asanko Gold Inc (NYSEMKT:AKG) to report earnings on March, 16.

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 news for Asanko Gold Inc (NYSEMKT:AKG) were recently published by: Business.Financialpost.com, which released: “Hedge fund claims 90% downside potential at Asanko Gold” on June 29, 2016. Seekingalpha.com‘s article titled: “The Long Case For Asanko Gold Inc.” and published on October 09, 2015 is yet another important article.

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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