Shanta Gold Limited (SHG) Rating Reiterated by FinnCap

Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reiterated by FinnCap in a research note issued to investors on Monday. They presently have a GBX 20 ($0.26) target price on the stock. FinnCap’s price target points to a potential upside of 77.78% from the stock’s previous close.

Separately, Peel Hunt lowered their price target on Shanta Gold Limited from GBX 18 ($0.23) to GBX 9 ($0.12) and set a “buy” rating on the stock in a research report on Tuesday, August 23rd.

Shanta Gold Limited (LON:SHG) opened at 11.25 on Monday. The company’s 50-day moving average price is GBX 9.81 and its 200-day moving average price is GBX 7.85. Shanta Gold Limited has a 12-month low of GBX 4.50 and a 12-month high of GBX 11.50. The stock’s market cap is GBX 56.15 million.

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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