NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Asanko Gold, Inc. (“Asanko” or the “Company”) (NYSE:AKG).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on May 31, 2017, the investment research firm Muddy Waters, LLC published a report on Asanko asserting, among other things, that: (1) Asanko made investments based on flawed geology in Nkran, its satellite pits, and Esaase that Muddy Waters believes “will never be recovered”; and (2) there are indications that some of Asanko’s resources models have been “smeared,” which would cause estimates of their ore contents to be inflated.
On this news, the Company’s share price declined significantly during intraday trading on May 31, 2017, causing harm to investors.
If you invested in Asanko stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/AKG. There is no cost or obligation to you.
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