Shares of Asanko Gold Inc (NYSEAMERICAN:AKG) (TSE:AKG) were up 5% on Thursday . The company traded as high as $0.86 and last traded at $0.84, approximately 445,292 shares traded hands during trading. An increase of 0% from the average daily volume of 444,489 shares. The stock had previously closed at $0.80.

A number of equities research analysts recently weighed in on AKG shares. Scotiabank started coverage on Asanko Gold in a report on Friday, August 16th. They set a “hold” rating for the company. Zacks Investment Research cut Asanko Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $2.20 price target on shares of Asanko Gold in a report on Friday, November 8th.

The stock has a fifty day moving average of $0.94 and a two-hundred day moving average of $0.72.

In other news, insider Schlederer John bought 50,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $0.65 per share, with a total value of $32,500.00. Also, insider Campbell Christopher bought 41,548 shares of the stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of $0.66 per share, with a total value of $27,380.13. Insiders have purchased a total of 131,818 shares of company stock valued at $86,660 over the last ninety days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of Asanko Gold in the 2nd quarter valued at $60,000. Jane Street Group LLC grew its stake in shares of Asanko Gold by 178.7% during the second quarter. Jane Street Group LLC now owns 145,122 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 93,051 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Asanko Gold by 63.1% during the second quarter. JPMorgan Chase & Co. now owns 493,800 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 191,100 shares during the period. Renaissance Technologies LLC grew its stake in shares of Asanko Gold by 15.9% during the second quarter. Renaissance Technologies LLC now owns 5,849,336 shares of the basic materials company’s stock worth $3,658,000 after purchasing an additional 803,716 shares during the period. Finally, Ruffer LLP grew its stake in shares of Asanko Gold by 4.6% during the second 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.

About Asanko Gold (NYSEAMERICAN:AKG)

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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