Asanko Gold Inc (TSE:AKG) Director Gordon Fretwell Acquires 20,000 Shares of Stock
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) Director Gordon Fretwell acquired 20,000 shares of Asanko Gold stock in a transaction on Friday, August 4th. The shares were bought at an average price of C$1.00 per share, with a total value of C$20,000.00.
Shares of Asanko Gold Inc (TSE AKG) opened at 1.11 on Wednesday. The stock’s market cap is $225.83 million. The company has a 50 day moving average of $1.82 and a 200-day moving average of $3.06. Asanko Gold Inc has a one year low of $0.99 and a one year high of $6.09.
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A number of research firms have weighed in on AKG. Clarus Securities cut shares of Asanko Gold from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Scotiabank reduced their target price on shares of Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. Raymond James Financial, Inc. upgraded shares of Asanko Gold from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from C$4.40 to C$3.50 in a research report on Friday, August 4th. Royal Bank Of Canada reduced their target price on shares of Asanko Gold from C$5.00 to C$4.75 and set a “sector perform” rating for the company in a research report on Wednesday, April 19th. Finally, CIBC reduced their target price on shares of Asanko Gold from C$3.85 to C$2.85 in a research report on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Asanko Gold has a consensus rating of “Buy” and an average target price of C$3.14.
About Asanko Gold
Asanko Gold Inc is a gold producer. The Company has operations in the Republic of Ghana. The Company’s segments include Canada and Ghana. The Company’s principal asset is the Asanko Gold Mine (AGM) located in Ghana, West Africa. The Company’s Project 5M will upgrade the plant’s throughput to five metric tons per annum and expand mining operations to integrate the Esaase deposit, including the construction of a 27-kilometer overland conveyor.
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