Sun Valley Gold Lowers stake in Asanko Gold Inc (AKG)

Asanko Gold Inc (AKG) : Sun Valley Gold reduced its stake in Asanko Gold Inc by 3.93% during the most recent quarter end. The investment management company now holds a total of 10,677,951 shares of Asanko Gold Inc which is valued at $34,596,561 after selling 437,308 shares in Asanko Gold Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Asanko Gold Inc makes up approximately 16.88% of Sun Valley Gold’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. reduced its stake in AKG by selling 408,794 shares or 17.71% in the most recent quarter. The Hedge Fund company now holds 1,899,372 shares of AKG which is valued at $6,153,965. Asanko Gold Inc makes up approx 0.02% of I.g. Investment Management Ltd.’s portfolio.Tower Research Capital (trc) boosted its stake in AKG in the latest quarter, The investment management firm added 20,396 additional shares and now holds a total of 24,235 shares of Asanko Gold Inc which is valued at $89,185. Asanko Gold Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Shell Asset Management Co reduced its stake in AKG by selling 2,500 shares or 13.29% in the most recent quarter. The Hedge Fund company now holds 16,307 shares of AKG which is valued at $60,336.

Asanko Gold Inc opened for trading at $3.13 and hit $3.39 on the upside on Monday, eventually ending the session at $3.39, with a gain of 6.27% or 0.2 points. The heightened volatility saw the trading volume jump to 9,06,349 shares. Company has a market cap of $684 M.

Asanko Gold Inc. (Asanko) is a Canada-based exploration and development stage company. The Company’s primary asset is its Asanko Gold Mine Project located on the Asankrangwa gold belt in Ghana. In addition to its principal project the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Asanko Gold Mine Project is located in the Amansie West district of the Ashanti region of Ghana approximately 250 kilometer northwest of the capital Accra and about 50 to 80 kilometer southwest of the regional capital of Kumasi. The Company is developing Asanko Gold Mine Project in two Phases. The Phase I consists of Nkran pit which accounts for 85% of the Phase I ore reserves and four satellite deposits Abore Asuadai Dynamite Hill and Adubiaso.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Asanko Gold Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Asanko Gold Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.