Shanta Gold (SHG) PT Lowered to GBX 13 at Peel Hunt

Shanta Gold (LON:SHG) had its target price cut by Peel Hunt from GBX 16 ($0.22) to GBX 13 ($0.17) in a research report released on Thursday. They currently have a buy rating on the stock.

SHG has been the topic of a number of other research reports. Shore Capital began coverage on shares of Shanta Gold in a research note on Tuesday, September 5th. They issued a not rated rating on the stock. FinnCap restated an under review rating on shares of Shanta Gold in a research note on Tuesday, September 12th.

Shanta Gold (LON:SHG) opened at GBX 4.50 ($0.06) on Thursday. Shanta Gold has a 1-year low of GBX 3 ($0.04) and a 1-year high of GBX 12.75 ($0.17). The company has a market cap of $21.24 and a price-to-earnings ratio of -450.00.

In related news, insider Robin Anthony Fryer sold 30,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of GBX 5 ($0.07), for a total transaction of £1,500 ($2,018.84). Also, insider Ketan Patel acquired 222,885 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £13,373.10 ($17,998.79).

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Shanta Gold 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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