Shanta Gold Limited (SHG) Receives Buy Rating from FinnCap

Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reaffirmed by stock analysts at FinnCap in a research report issued to clients and investors on Wednesday, May 24th, reports.

A number of other equities research analysts also recently commented on SHG. Peel Hunt restated a “buy” rating and issued a GBX 16 ($0.20) target price on shares of Shanta Gold Limited in a research report on Tuesday, May 23rd. Shore Capital reiterated a “not rated” rating on shares of Shanta Gold Limited in a report on Monday, May 22nd.

Shanta Gold Limited (LON:SHG) traded up 0.000% during mid-day trading on Wednesday, reaching GBX 7.375. 40,158 shares of the company traded hands. The company’s 50 day moving average price is GBX 7.79 and its 200 day moving average price is GBX 9.16. The firm’s market capitalization is GBX 43.03 million. Shanta Gold Limited has a 12-month low of GBX 6.25 and a 12-month high of GBX 13.38.

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Shanta Gold Limited Company Profile

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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