Huang Mining Company Limit Jin Acquires 4,000,000 Shares of Asanko Gold Inc (TSE:AKG) Stock

Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) insider Huang Mining Company Limit Jin bought 4,000,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of C$1.14 per share, with a total value of C$4,560,000.00.

Shares of Asanko Gold stock traded up C$0.37 during trading hours on Friday, reaching C$1.30. The company’s stock had a trading volume of 6,261,118 shares, compared to its average volume of 659,956. Asanko Gold Inc has a one year low of C$0.55 and a one year high of C$3.75.

Several brokerages have recently weighed in on AKG. BMO Capital Markets lifted their target price on shares of Asanko Gold from C$0.70 to C$1.25 in a research note on Wednesday. Canaccord Genuity lifted their target price on shares of Asanko Gold from C$1.00 to C$1.20 in a research note on Friday, January 19th. Finally, Royal Bank of Canada lowered their target price on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research note on Monday, December 4th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of C$1.88.

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Asanko Gold Company Profile

Asanko Gold Inc is a gold producer. The Company has operations in the Republic of Ghana. The Company’s segments include Canada and Ghana. The Company’s principal asset is the Asanko Gold Mine (AGM) located in Ghana, West Africa. The Company’s Project 5M will upgrade the plant’s throughput to five metric tons per annum and expand mining operations to integrate the Esaase deposit, including the construction of a 27-kilometer overland conveyor.

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