Shanta Gold Limited’s (SHG) Buy Rating Reaffirmed at FinnCap

Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reiterated by FinnCap in a report released on Wednesday, May 24th, reports.

Several other research firms have also commented on SHG. Shore Capital reiterated a “not rated” rating on shares of Shanta Gold Limited in a research report on Monday, May 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 16 ($0.20) price objective on shares of Shanta Gold Limited in a research report on Tuesday, May 23rd.

Shanta Gold Limited (LON:SHG) traded down 20.339% during mid-day trading on Wednesday, hitting GBX 5.875. 40,158 shares of the stock were exchanged. Shanta Gold Limited has a 52-week low of GBX 6.00 and a 52-week high of GBX 13.38. The firm’s market cap is GBX 34.25 million. The company has a 50 day moving average price of GBX 7.74 and a 200 day moving average price of GBX 9.11.

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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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