Asanko Gold Inc (NYSEAMERICAN:AKG) (TSE:AKG)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $0.84. Asanko Gold shares last traded at $0.86, with a volume of 51,501 shares trading hands.
AKG has been the subject of several analyst reports. Zacks Investment Research raised shares of Asanko Gold from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Friday, August 2nd. HC Wainwright set a $2.00 price target on shares of Asanko Gold and gave the company a “buy” rating in a research note on Thursday, July 11th.
Asanko Gold (NYSEAMERICAN:AKG) (TSE:AKG) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $85.72 million during the quarter.
Asanko Gold Company Profile (NYSEAMERICAN:AKG)
Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.
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