Asanko Gold Inc (AKG) Director Buys C$20,000.00 in Stock
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) Director Gordon Fretwell purchased 20,000 shares of Asanko Gold stock in a transaction on Friday, August 4th. The stock was bought at an average price of C$1.00 per share, for a total transaction of C$20,000.00.
Shares of Asanko Gold Inc (TSE:AKG) remained flat at $1.11 during trading on Tuesday. The company’s stock had a trading volume of 1,445,930 shares. The stock’s 50-day moving average price is $1.82 and its 200-day moving average price is $3.06. The firm’s market cap is $225.83 million. Asanko Gold Inc has a one year low of $0.99 and a one year high of $6.09.
A number of brokerages have issued reports on AKG. Royal Bank Of Canada reduced their price target on shares of Asanko Gold from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 12th. Scotiabank reiterated an “outperform” rating and issued a C$5.75 price target on shares of Asanko Gold in a report on Wednesday, April 19th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a C$4.75 price target on shares of Asanko Gold in a report on Tuesday, April 18th. CIBC reduced their price target on shares of Asanko Gold from C$4.50 to C$3.85 in a report on Friday, May 5th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$3.00 price target on shares of Asanko Gold in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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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