Asanko Gold Inc. (AKG:CA) Rises 7.14% for July 12

Equities Staff  |

July 12 was a positive day for Asanko Gold Inc. (AKG:CA) as its stock finished the day having gained 7.14% to hit a price of $1.50 a share. The company reached a market cap of 338.71 million and has 225.8 million shares outstanding. Asanko Gold Inc. is a component of the the S&P/TSX SmallCap Index.

445,550 shares changed hands over the course of the day as compared to an average volume of 124,983 over the last 30 days for Asanko Gold Inc..

Asanko Gold Inc is a gold producer. Its principal asset is the Asanko Gold Mine, located in Ghana, West Africa. It owns two deposits Nkran and Esaase and a 3 Mtpa carbon-in-leach (CIL) processing plant facility.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO Peter Breese.

Asanko Gold Inc. has hit a high of $2.09 and reached a low of $0.55 over its last year of trading. The stock’s 50-day SMA is now $1.51 and 200-day SMA is $1.19. As for its price valuations, the P/E ratio is at 160.4 and P/B is now 0.59.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Asanko Gold Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AKG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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