Breaking: Could Asanko Gold Inc Change Direction After Today’s Huge Decline?

Breaking: Could Asanko Gold Inc Change Direction After Today's Huge Decline?

The stock of Asanko Gold Inc (NYSEMKT:AKG) is a huge mover today! The stock decreased 4.88% or $0.18 on November 30, hitting $3.51. About 685,071 shares traded hands or 38.58% up from the average. Asanko Gold Inc (NYSEMKT:AKG) has risen 41.38% since April 27, 2016 and is uptrending. It has outperformed by 36.15% the S&P500.
The move comes after 5 months negative chart setup for the $704.43 million company. It was reported on Nov, 30 by Barchart.com. We have $3.23 PT which if reached, will make NYSEMKT:AKG worth $56.35 million less.

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 recent Asanko Gold Inc (NYSEMKT: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.

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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