Shares of Asante Gold Co. (OTCMKTS:ASGOF – Get Free Report) dropped 9.5% during mid-day trading on Friday . The stock traded as low as C$0.59 and last traded at C$0.60. Approximately 70,463 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 92,021 shares. The stock had previously closed at C$0.66.
Asante Gold Stock Performance
The company’s fifty day moving average is C$0.83 and its 200-day moving average is C$1.14.
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.
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