Shanta Gold Limited (SHG) Earns “Buy” Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Shanta Gold Limited (LON:SHG) in a research report sent to investors on Wednesday. Peel Hunt currently has a GBX 23 ($0.29) price objective on the stock.

Separately, FinnCap reaffirmed a buy rating and set a GBX 20 ($0.25) target price on shares of Shanta Gold Limited in a report on Monday, October 3rd.

Shanta Gold Limited (LON:SHG) opened at 9.01 on Wednesday. The company’s market cap is GBX 44.97 million. Shanta Gold Limited has a 52 week low of GBX 4.50 and a 52 week high of GBX 13.38. The company’s 50-day moving average is GBX 11.42 and its 200-day moving average is GBX 9.06.

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About Shanta Gold Limited

Shanta Gold Limited is a company with principal operations in mining, processing, exploration and related activities. The Company is engaged in gold mining, development and exploration in Tanzania. It owns 100% interest in New Luika Gold Mine located in Chunya administrative district, Mbeya region in the Lupa Goldfield of south west Tanzania.

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