After Today’s Huge Increase, Is Asanko Gold Inc’s Near-Term Analysis Positive?

The stock of Asanko Gold Inc (NYSEMKT:AKG) is a huge mover today! The stock increased 10.24% or $0.26 on April 19, hitting $2.8. About 346,340 shares traded hands. Asanko Gold Inc (NYSEMKT:AKG) has risen 91.78% since September 14, 2015 and is uptrending. It has outperformed by 84.21% the S&P500. The move comes after 5 months positive chart setup for the $544.92M company. It was reported on Apr, 20 by We have $4.26 PT which if reached, will make NYSEMKT:AKG worth $283.36M more.

According to Zacks Investment Research, “Asanko Gold Inc. is engaged in the exploration and development of gold deposits. The company’s projects consist of Esaase project and Asumura project in Ghana, West Africa. Asanko Gold Inc., formerly known as Keegan Resources Inc., is based in Vancouver, Canada.”

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