Asanko Gold (TSE:AKG) Stock Price Down 3.9%

Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) shares fell 3.9% on Thursday . The stock traded as low as C$1.10 and last traded at C$1.23, 265,054 shares changed hands during mid-day trading. An increase of 115% from the average session volume of 123,360 shares. The stock had previously closed at C$1.28.

Separately, HC Wainwright reissued a “buy” rating and issued a C$1.60 target price on shares of Asanko Gold in a research report on Tuesday, June 18th.

The firm has a 50-day moving average price of C$1.02. The company has a market capitalization of $265.95 million and a P/E ratio of -413.33.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last released its earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.01) by C$0.05. The company had revenue of C$118.67 million during the quarter. On average, sell-side analysts anticipate that Asanko Gold Inc will post -0.03 earnings per share for the current fiscal year.

Asanko Gold Company Profile (TSE: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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