Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) insider Huang Mining Company Limit Jin bought 4,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of C$1.14 per share, with a total value of C$4,560,000.00.
Shares of Asanko Gold Inc (TSE AKG) traded down C$0.04 during trading on Tuesday, reaching C$1.02. 260,249 shares of the company’s stock traded hands, compared to its average volume of 623,134. The company has a market cap of $214.25, a price-to-earnings ratio of 53.00 and a beta of -0.06. Asanko Gold Inc has a 12-month low of C$0.55 and a 12-month high of C$3.79.
Several equities analysts recently commented on AKG shares. Canaccord Genuity upped their target price on shares of Asanko Gold from C$1.00 to C$1.20 in a research note on Friday, January 19th. Clarus Securities cut shares of Asanko Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Raymond James Financial cut shares of Asanko Gold from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada cut their target price on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating for the company in a research note on Monday, December 4th. Six investment analysts have rated the stock with a hold rating, Asanko Gold has an average rating of “Hold” and a consensus price target of C$2.01.
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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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