The 14th of the first Adar is then called Purim Katan (Little Purim in Hebrew) and the 15th is Shushan Purim Katan, for which there no set observances but have a minor holiday aspect to it.
Shortly after the earnings release, Canadian Imperial Bank of Commerce trimmed its price target on Asanko Gold from 4.50 Canadian dollars to CA$3.85. Moreover, Jeff Killeen, the analyst from CIBC, maintains a neutral outlook on the stock.
Although Asanko's stock was crushed in May, it likely would have been worse had it not been for the somewhat auspicious start to the month. Releasing its first-quarter 2017 earnings on May 4, Asanko reported record gold production of 58,187 ounces. Moreover, it reported a significant improvement on the bottom line: net income of $8 million -- far better than the $4 million net loss it reported during the same period last year.