Short Interest Worth Mentioning Today: How Analysts Feel About Asanko Gold Incorporated (NYSEMKT:AKG) After Decrease in Sellers?

November 23, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Mentioning Today: How Analysts Feel About Asanko Gold Incorporated (NYSEMKT:AKG) After Decrease in Sellers?

The stock of Asanko Gold Incorporated (NYSEMKT:AKG) registered a decrease of 26.02% in short interest. AKG’s total short interest was 3.01 million shares in November as published by FINRA. Its down 26.02% from 4.07M shares, reported previously. With 334,600 shares average volume, it will take short sellers 9 days to cover their AKG’s short positions. The short interest to Asanko Gold Incorporated’s float is 1.7%. About 274,369 shares traded hands. Asanko Gold Inc (NYSEMKT:AKG) has risen 27.64% since April 21, 2016 and is uptrending. It has outperformed by 22.31% the S&P500.

Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $682.09 million. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. It currently has negative earnings. The Company’s segment is the exploration and development of resource properties.

AKG Company Profile

Asanko Gold Inc. (Asanko), incorporated on October 23, 1999, is an exploration and development-stage company. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Company’s subsidiaries include Keegan Resources (Ghana) Limited Ghana (Asanko Ghana), Adansi Gold Company (GH) Limited (Adansi Ghana), Asanko Gold South Africa (PTY) Ltd., Asanko International (Barbados) Inc., Asanko Gold (Barbados) Inc. and PMI Gold Corporation (PMI). PMI is a resource exploration and development firm which, through its subsidiaries, holds exploration and mining leases in the Ashanti and Asankrangwa Gold Belts of Ghana, Africa. PMI’s principal project is a gold development project, the Obotan Gold Project, which has been combined with the Company’s principal project, the Esaase Gold Project, to form the Asanko Gold Mine.

More important recent Asanko Gold Inc (NYSEMKT:AKG) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on March 04, 2013, also Business.Financialpost.com published article titled: “Hedge fund claims 90% downside potential at Asanko Gold”, Seekingalpha.com published: “The Long Case For Asanko Gold Inc.” on October 09, 2015. More interesting news about Asanko Gold Inc (NYSEMKT:AKG) was released by: Seekingalpha.com and their article: “Asanko Gold: More Upside On The Horizon” with publication date: October 19, 2016.

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By Marie Mckinney


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