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Shanta Gold Ltd (LON:SHG) target price held steady at 20.00GBX, reported today by finnCap

Yesterday Shanta Gold Ltd (LON:SHG) traded 5.96% higher at 11.25GBX. The company’s 50-day moving average is 9.81GBX and its 200-day moving average is 7.85GBX. The last stock close price is up 51.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 216,439 shares of the stock were exchanged, down from an average trading volume of 1,955,890

Shanta Gold Ltd (LON:SHG) had its target price hold steady to 20.00GBX by finnCap in a report released 10/03/2016. The new target price indicates a possible upside of 0.78% based on the company's last stock close price.

Previously on 9/22/2016, Peel Hunt reported about Shanta Gold Ltd (LON:SHG) raised the target price from 0.00GBX to 21.00GBX. At the time, this indicated a possible upside of 0%.

See Chart Below

Shanta Gold Ltd (LON:SHG)

Shanta Gold Ltd has a 52 week low of 4.50GBX and a 52 week high of 12.00GBX The company’s market cap is currently 0 GBX.

In addition to finnCap reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is 0.13GBX with 2 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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