A report released today by Peel Hunt about Shanta Gold Ltd (LON:SHG) raises the target price to 21.00GBX
- Updated: September 24, 2016
Boasting a price of 0.00GBX, Shanta Gold Ltd (LON:SHG) traded 0.00% even on the day. With the last stock price close down 39.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Shanta Gold Ltd has recorded a 50-day average of 9.57GBX and a two hundred day average of 7.70GBX. Volume of trade was down over the average, with 740,005 shares of SHG changing hands under the typical 2,116,560
Shanta Gold Ltd (LON:SHG) had its price target upped to 21.00GBX by Peel Hunt in a report released Thursday September 22, 2016. The updated target price indicates doubtful upside the company's most recent stock price close.
On 9/13/2016, Peel Hunt released a statement for Shanta Gold Ltd (LON:SHG) bumped up the target price from 18.00GBX to 21.00GBX that suggested an upside of 1.05%.
With a total market value of 0 GBX, Shanta Gold Ltd has with a one year low of 4.50GBX and a one year high of 11.00GBX .
A total of 2 equity analysts have released a ratings update on the stock. Two analysts rating the company a strong buy, 0 brokerages rating the company a buy, zero brokers rating the stock a hold, 0 equity analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of 0.13GBX.
More About Shanta Gold Ltd (LON:SHG)
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. Its New Luika Gold Mine is located in Chunya administrative district, Mbeya region in the Lupa Goldfield of south west Tanzania. Its Singida property is located in Ikungi Administrative District, Singida Region, central Tanzania. It has over three prospecting licenses covering approximately 90 square kilometers and over three mining licenses covering approximately 30 square kilometers. Its Songea property is located in Mbinga and Songea administrative districts in the Ruvuma region of southern Tanzania. It has over three prospecting licenses covering approximately 60 square kilometers. It holds over 1,300 square kilometers of prospective exploration ground in the Lupa Goldfield.
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