Peel Hunt Reiterates “Buy” Rating for Shanta Gold (LON:SHG)

Shanta Gold (LON:SHG)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a report issued on Wednesday, July 18th.

Separately, Numis Securities reaffirmed a “buy” rating and issued a GBX 12 ($0.16) price target on shares of Shanta Gold in a research note on Tuesday, April 17th.

Shanta Gold remained flat at $GBX 5.35 ($0.07) during trading on Wednesday, according to MarketBeat.com. The company’s stock had a trading volume of 268,124 shares, compared to its average volume of 548,332. Shanta Gold has a 12-month low of GBX 3 ($0.04) and a 12-month high of GBX 10.49 ($0.14).

In other Shanta Gold news, insider Anthony Durrant purchased 413,159 shares of the stock in a transaction on Friday, July 6th. The stock was bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £24,789.54 ($32,090.02).

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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