Shanta Gold Limited (SHG) Given Buy Rating at Peel Hunt
Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research report issued on Wednesday. They presently have a GBX 16 ($0.21) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 412.00% from the stock’s previous close.
Several other equities research analysts also recently commented on SHG. FinnCap restated an “under review” rating on shares of Shanta Gold Limited in a research report on Tuesday, June 20th. Shore Capital restated a “not rated” rating on shares of Shanta Gold Limited in a research report on Wednesday, July 19th.
Shares of Shanta Gold Limited (LON:SHG) opened at 3.22 on Wednesday. The firm has a 50-day moving average of GBX 3.66 and a 200 day moving average of GBX 5.68. Shanta Gold Limited has a 1-year low of GBX 3.00 and a 1-year high of GBX 13.38. The stock’s market capitalization is GBX 24.67 million.
In other news, insider Ketan Patel purchased 222,885 shares of Shanta Gold Limited stock in a transaction that occurred on Monday, October 2nd. The stock was acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £13,373.10 ($17,769.20). Also, insider Robin Anthony Fryer purchased 120,000 shares of Shanta Gold Limited stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of GBX 4 ($0.05) per share, with a total value of £4,800 ($6,377.89).
About Shanta Gold Limited
Shanta Gold Limited is a gold producing company engaged in the investment in gold exploration and production in Tanzania. The Company is engaged in mining, processing, exploration and related activities. Its Tanzanian-based assets include New Luika Gold Mine, Singida, Songea and Lupa Goldfield exploration.
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