Asante Gold (OTCMKTS:ASGOF) Trading 4% Higher – Here’s Why
by Sarita Garza · The Markets DailyAsante Gold Co. (OTCMKTS:ASGOF – Get Free Report) shares rose 4% during trading on Wednesday . The stock traded as high as C$0.71 and last traded at C$0.70. 153,621 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 95,673 shares. The stock had previously closed at C$0.67.
Asante Gold Stock Performance
The firm has a 50 day simple moving average of C$0.63 and a two-hundred day simple moving average of C$0.80.
Asante Gold Company Profile
Asante Gold Corporation is a Canada‐based mineral exploration and development company focused on advancing gold assets in West Africa. The company’s principal activity is the exploration, evaluation and development of its flagship Kobada Gold Project, situated in the Kayes region of southwestern Mali. Asante Gold holds a granted mining permit for Kobada and has conducted extensive drilling, metallurgical studies and environmental baseline programs to support project advancement.
The Kobada Gold Project hosts a significant gold resource defined through multiple phases of exploration drilling, and Asante Gold has completed a prefeasibility study outlining an open-pit mining scenario with supporting infrastructure.