Shanta Gold Limited (SHG) Receives Under Review Rating from FinnCap

FinnCap reaffirmed their under review rating on shares of Shanta Gold Limited (LON:SHG) in a research note released on Tuesday morning.

Several other research analysts have also recently issued reports on SHG. Shore Capital reiterated a not rated rating on shares of Shanta Gold Limited in a report on Monday, May 22nd. Peel Hunt reiterated a buy rating and issued a GBX 16 ($0.21) price objective on shares of Shanta Gold Limited in a report on Tuesday, May 23rd.

Shares of Shanta Gold Limited (LON SHG) opened at 4.00 on Tuesday. The stock’s market cap is GBX 30.64 million. Shanta Gold Limited has a 52 week low of GBX 3.52 and a 52 week high of GBX 13.38. The stock’s 50 day moving average price is GBX 3.83 and its 200 day moving average price is GBX 6.69.

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In related news, insider Robin Anthony Fryer acquired 120,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £4,800 ($6,199.15).

About Shanta Gold Limited

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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