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  • Petrel Resources PLC’s (PET) Corporate Rating Reaffirmed at Northland Securities

    September 20, 2017 8:56 AM 6

    Petrel Resources PLC (LON:PET)‘s stock had its “corporate” rating restated by analysts at Northland Securities in a note issued to investors on Wednesday. Shares of Petrel Resources PLC (LON:PET) opened at 2.625 on Wednesday. The company has a 50-day moving average price of GBX 2.97 and a 200 day moving average price of GBX 3.75. The company’s market

  • 18 SOEs record GH¢791 million losses — Veep

    September 20, 2017 7:24 AM 2

    “As managers of SOEs, the challenges we continue to have over these debts must be at the back of your minds when executing contracts and making commitments with finances, and ultimately fiscal implications for the whole economy,” Dr Bawumia said last Tuesday. He said while the Public Financial Management Act (PFMA) provides for how financial and commercial

  • Ghana agrees with Russia’s GAZPROM for gas supply

    September 18, 2017 4:06 PM 3

    Accra, Sept. 18, GNA - Ghana’s sales agreement with Russian energy giant, GAZPROM, for the supply of Liquefied Natural Gas (LNG) will impact the country’s economy positively, President Nana Addo Dankwa Akufo-Addo has said. GAZPROM, a world leader in gas production, has reached and signed a Gas Sales Agreement (GSA) with the Ghana National Petroleum Corporation

  • Ghana Saves $1bn From Gazprom Gas Deal

    September 18, 2017 11:30 AM 2

    Ghana has signed a major gas deal with energy giant Gazprom to boost the energy sector of the economy. This came to light last Friday when a delegation from Gazprom – a Russian company – called on President Akufo-Addo at the Flagstaff House after the signing of the Gas Sales Agreement (GSA) with the Ghana National Petroleum Corporation (GNPC)

  • GAZPROM LNG DEAL BOOST FOR ECONOMY

    September 18, 2017 8:34 AM 2

    President Nana Addo Dankwa Akufo-Addo has described the Liquefied Natural Gas sales agreement reached between the Ghana National Petroleum Corporation and GAZPROM as a positive one “that is going to play a very important role in the economic life of Ghana.” The Gas Sales Agreement will see the construction of a regasification terminal at Tema. According

  • SIC Insurance re-constitutes Board; appoints new MD

    September 18, 2017 3:18 AM 4

    The Board of SIC Insurance has been re-constituted with the Ministry of Finance replacing government’s representation on the Board. The members representing the Government of Ghana through the Ministry of Finance are Dr. Jimmy Heymann, Mrs. Pamela Djamson-Tettey, and Mr. Stephen Oduro. Mr. Michael Addo replaced the Social Security and National Insurance

  • Do Newmont Mining’s Latest Ratings Show Analyst Optimism?

    September 16, 2017 8:52 PM 1

    Newmont Mining (NEM) has 61% “buy” recommendations from the 18 analysts covering the stock. While 33% have issued “hold” recommendations for the stock, only 6% recommend a “sell” for the stock. Its target price implies an upside of 4.5% from its current market price of $38.80. Success! You are now receiving e-mail alerts for new research. A temporary

  • Is Buying Asanko Gold Incorporated (NYSEMKT:AKG), Having Higher Short Interest a Winning Strategy?

    September 14, 2017 2:31 PM 2

    The stock of Asanko Gold Incorporated (NYSEMKT:AKG) registered an increase of 2.29% in short interest. AKG’s total short interest was 4.49M shares in September as published by FINRA. Its up 2.29% from 4.39 million shares, reported previously. With 1.17 million shares average volume, it will take short sellers 4 days to cover their AKG’s short positions

  • Scotiabank Reaffirms Outperform Rating for Asanko Gold Inc (AKG)

    September 14, 2017 9:36 AM 2

    Scotiabank reaffirmed their outperform rating on shares of Asanko Gold Inc (TSE:AKG) (NYSE:AKG) in a research report sent to investors on Wednesday morning. They currently have a C$6.00 target price on the stock. A number of other brokerages also recently issued reports on AKG. Raymond James Financial, Inc. lowered their price target on shares of Asanko

  • Asanko Gold Inc. (TSX:AKG): A Deep Dive into the Technicals

    September 13, 2017 4:52 PM 2

    The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of Asanko Gold Inc. (TSX:AKG) is 4386. A company with a low rank is considered a good company to invest