FinnCap reaffirmed their buy rating on shares of Shanta Gold Limited (LON:SHG) in a research note released on Monday morning. They currently have a GBX 20 ($0.26) price objective on the stock.

Separately, Peel Hunt restated a buy rating and issued a GBX 9 ($0.12) price target on shares of Shanta Gold Limited in a research note on Wednesday, August 17th.

Shares of Shanta Gold Limited (LON:SHG) traded down 7.83% during midday trading on Monday, hitting GBX 10.60. The stock had a trading volume of 2,153,456 shares. The company’s market cap is GBX 52.91 million. The firm has a 50 day moving average of GBX 9.90 and a 200-day moving average of GBX 7.90. Shanta Gold Limited has a one year low of GBX 4.50 and a one year high of GBX 12.00.

About Shanta Gold Limited

Shanta Gold Limited is a company with principal operations in mining, processing, exploration and related activities. The Company is engaged in gold mining, development and exploration in Tanzania. It owns 100% interest in New Luika Gold Mine located in Chunya administrative district, Mbeya region in the Lupa Goldfield of south west Tanzania.

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