Asante Gold (OTCMKTS:ASGOF) Trading 4.2% Higher – Here’s Why

Asante Gold Co. (OTCMKTS:ASGOF)’s stock price was up 4.2% during trading on Wednesday . The stock traded as high as C$1.29 and last traded at C$1.27. Approximately 14,387 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 128,562 shares. The stock had previously closed at C$1.22.

Asante Gold Price Performance

The firm has a 50-day simple moving average of C$1.32 and a 200 day simple moving average of C$1.39.

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.