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Peel Hunt announced Shanta Gold Ltd (LON:SHG), upholding its stock price target at 21.00GBX today

Just yesterday Shanta Gold Ltd (LON:SHG) traded 4.60% higher at 11.38GBX. Shanta Gold Ltd’s 50-day moving average is 10.27GBX and its 200-day moving average is 8.15GBX. The last stock price is up 39.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,041,197 shares of SHG traded hands, up from an average trading volume of 1,830,300

In a report released on 10/18/2016 Peel Hunt hold steady the stock price target of Shanta Gold Ltd (LON:SHG) from 21.00GBX to 21.00GBX reporting a possible upside of 0.85%.

Previously on 10/03/2016, finnCap released a statement about Shanta Gold Ltd (LON:SHG) held steady the target price at 20.00GBX. At the time, this indicated a possible upside of 0.78%.

Recent Performance Chart

Shanta Gold Ltd (LON:SHG)

Shanta Gold Ltd has 52 week low of 4.50GBX and a 52 week high of 12.00GBX and has a market capitalization of 0 GBX.

In addition to Peel Hunt reporting its stock price target, a total of 2 brokerages have issued a research note on the company. The average stock price target is 0.13GBX with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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