NEWS
03/17/2016 19:17 EDT | Updated 03/18/2017 01:12 EDT

Asanko Gold posts fourth-quarter profit of $214,000

VANCOUVER, British Columbia (AP) _ Asanko Gold Inc. (AKG) on Thursday reported fourth-quarter net income of $214,000, after reporting a loss in the same period a year earlier.

The Vancouver, British Columbia-based company said it had net income of less than 1 cent on a per-share basis.

For the year, the company reported that its loss narrowed to $8.3 million, or 4 cents per share.

In the final minutes of trading on Thursday, the company's shares hit $2.43. A year ago, they were trading at $1.45.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKG at http://www.zacks.com/ap/AKG

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Keywords: Asanko Gold, Earnings Report

The Associated Press