What’s Next for Asanko Gold Inc (NYSEAMERICAN:AKG) After Having Less Shares Shorted?

April 17, 2018 - By Marry Poplack

The stock of Asanko Gold Inc (NYSEAMERICAN:AKG) registered a decrease of 40.27% in short interest. AKG’s total short interest was 1.56 million shares in April as published by FINRA. Its down 40.27% from 2.61 million shares, reported previously. With 1.46 million shares average volume, it will take short sellers 1 days to cover their AKG’s short positions. The short interest to Asanko Gold Inc’s float is 0.84%.

The stock increased 3.96% or $0.04 during the last trading session, reaching $1.05. About 1.04 million shares traded. Asanko Gold Inc. (NYSEAMERICAN:AKG) has declined 72.14% since April 17, 2017 and is downtrending. It has underperformed by 83.69% the S&P500.

Asanko Gold Inc. engages in the exploration, development, and production of gold properties. The company has market cap of $229.65 million. The Company’s 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. It has a 35 P/E ratio. The firm was formerly known as Keegan Resources Inc. and changed its name to Asanko Gold Inc. in February 2013.

Asanko Gold Inc. (NYSEAMERICAN:AKG) Ratings Chart

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