Shanta Gold Limited (SHG) Rating Reiterated by Shore Capital

Shanta Gold Limited (LON:SHG)‘s stock had its “not rated” rating reiterated by research analysts at Shore Capital in a note issued to investors on Wednesday.

A number of other equities analysts have also recently commented on the company. FinnCap reiterated an “under review” rating on shares of Shanta Gold Limited in a report on Tuesday, June 20th. Peel Hunt boosted their price objective on shares of Shanta Gold Limited from GBX 14 ($0.18) to GBX 16 ($0.21) and gave the company a “buy” rating in a research report on Friday, May 5th.

Shares of Shanta Gold Limited (LON:SHG) opened at 4.75 on Wednesday. The stock’s 50 day moving average price is GBX 6.10 and its 200 day moving average price is GBX 8.51. Shanta Gold Limited has a 1-year low of GBX 4.33 and a 1-year high of GBX 13.38. The company’s market cap is GBX 27.69 million.

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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.