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Asanko Gold Inc (NYSEAMERICAN:AKG) Insider Purchases $32,500.00 in Stock

Asanko Gold Inc (NYSEAMERICAN:AKG) (TSE:AKG) insider Schlederer John bought 50,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $0.65 per share, with a total value of $32,500.00.

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Schlederer John also recently made the following trade(s):

  • On Tuesday, November 5th, Schlederer John bought 50,000 shares of Asanko Gold stock. The stock was purchased at an average cost of $0.65 per share, with a total value of $32,500.00.

NYSEAMERICAN:AKG opened at $0.86 on Monday. The stock has a 50-day moving average price of $0.94 and a 200 day moving average price of $0.72. Asanko Gold Inc has a 12-month low of $0.50 and a 12-month high of $1.10.

Several large investors have recently modified their holdings of AKG. Sun Valley Gold LLC boosted its stake in shares of Asanko Gold by 23.7% during the 2nd quarter. Sun Valley Gold LLC now owns 24,578,047 shares of the basic materials company’s stock worth $15,582,000 after purchasing an additional 4,704,909 shares during the period. Donald Smith & CO. Inc. grew its holdings in Asanko Gold by 4.1% in the third quarter. Donald Smith & CO. Inc. now owns 22,685,980 shares of the basic materials company’s stock worth $20,751,000 after purchasing an additional 883,413 shares during the last quarter. Ruffer LLP raised its holdings in Asanko Gold by 4.6% in the 2nd quarter. Ruffer LLP now owns 20,626,089 shares of the basic materials company’s stock worth $13,078,000 after purchasing an additional 903,800 shares during the period. Renaissance Technologies LLC lifted its position in shares of Asanko Gold by 15.9% in the second quarter. Renaissance Technologies LLC now owns 5,849,336 shares of the basic materials company’s stock valued at $3,658,000 after acquiring an additional 803,716 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Asanko Gold by 63.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 493,800 shares of the basic materials company’s stock worth $316,000 after acquiring an additional 191,100 shares during the period.

Several brokerages have commented on AKG. Zacks Investment Research lowered Asanko Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Scotiabank started coverage on shares of Asanko Gold in a report on Friday, August 16th. They issued a “hold” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $2.20 price target on shares of Asanko Gold in a research report on Friday, November 8th.

Asanko Gold Company Profile

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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