Shanta Gold Limited (LON:SHG) insider Robin Anthony Fryer purchased 120,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of GBX 4 ($0.05) per share, with a total value of £4,800 ($6,207.97).

Shanta Gold Limited (SHG) opened at 3.875 on Thursday. The company’s 50-day moving average price is GBX 4.08 and its 200-day moving average price is GBX 7.33. Shanta Gold Limited has a 52-week low of GBX 5.88 and a 52-week high of GBX 13.38. The firm’s market cap is GBX 29.68 million.

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SHG has been the subject of a number of research analyst reports. FinnCap reiterated a “buy” rating on shares of Shanta Gold Limited in a report on Wednesday, May 3rd. Peel Hunt boosted their price target on Shanta Gold Limited from GBX 14 ($0.18) to GBX 16 ($0.21) and gave the company a “buy” rating in a report on Friday, May 5th. Finally, Shore Capital reiterated a “not rated” rating on shares of Shanta Gold Limited in a report on Monday, May 22nd.

About Shanta Gold Limited

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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