Earnings Reaction History of Asanko Gold Inc. (NYSEMKT:AKG)

Asanko Gold Inc. (NYSEMKT:AKG) moved up 0.31% and closed its last trading session at $3.21. This Basic Materials Sector stock currently has the Market Capitalization of 655.77 Million. The Average Volume for the stock is measured as 778 Million. The Stock has a 52-Week High of $4.68 and 52-Week Low of $1.69 following the dates, it touched its 52-Week High on Sep 22, 2016 and 52-Week Low on Feb 16, 2016. Currently, the Return on Assets value for the trailing twelve months is -0.7% with the Return on Equity and Return on Investment of -1.1% and 0% respectively. This firm currently has YTD (year to date) performance of 4.9 Percent which is awesome. The Short Ratio for the stock is 3.64.

Asanko Gold Inc. (NYSEMKT:AKG) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-0.03. The TTM operating margin is 0 percent.

Asanko Gold Inc. (NYSEMKT:AKG) reports its Earnings on Thu 16 Mar (In 34 Days). The estimated EPS for the current quarter is said to be $. Following Earnings result, share price were DOWN 2 times out of last 3 Qtrs. The stock has reduced about -16.4% since it reported its last earnings. The Closing price of Asanko Gold Inc. (NYSEMKT:AKG) at Last Earnings was $3.83 as compared to the previous closing price of $3.2. The Predicted Move on the 7th day after Asanko Gold Inc. (NYSEMKT:AKG) will release its earnings at about 7%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Asanko Gold Inc. (NYSEMKT:AKG) beats earnings by 16%, The Stock Missed Earnings  2  times and has met earnings  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

Asanko Gold Inc. (NYSEMKT:AKG) reported its previous quarter on 11/07/2016 where it reported the Actual Earnings of $0.05. The Closing price before the company posted its earnings was $3.83. The Stock declined on the very next day of earnings and maintained its stock price at $3.68 by showing a % change of -3.92 percent from its previous closing price. The Next Day Volume after Earnings was reported as 857362. On the 7th day After Earnings Report, the stock hit its share price as $3.15 by showing -17.75% decrease from the Stock price Before Earnings were reported.

On 08/12/2016, the stock reported the EPS of $-0.06 where Analysts were projecting the EPS to be $0.01 showing a difference of $-0.07. Thus Surprise Factor was there with -700 percent. Before Earnings Announcement on 08/12/2016, the firm had its stock price of $4.39. And immediately on the next day after earnings announcement, the stock inclined 2.51% and closed its trading session at $4.5. On 7th Day after earnings release, Asanko Gold Inc. (NYSEMKT:AKG) surged to 4.1% from $4.39 to $4.57.

Company Profile:

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. The company was formerly known as Keegan Resources Inc. and changed its name to Asanko Gold Inc. in February 2013. Asanko Gold Inc. was incorporated in 1999 and is headquartered in Vancouver, Canada.