Shanta Gold Limited’s Trend Up, Especially After Today’s 52-Week High Milestone

 Shanta Gold Limited's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Shanta Gold Limited (LON:SHG) hit a new 52-week high and has GBX 34.02 target or 166.00% above today’s GBX 12.79 share price. The 8 months bullish chart indicates low risk for the GBX 75.68 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 34.02 price target is reached, the company will be worth GBX 125.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.60% or GBX 0.21 on November 3, hitting GBX 12.79. About 1.79 million shares traded hands or 23.45% up from the average. Shanta Gold Limited (LON:SHG) has risen 78.95% since April 5, 2016 and is uptrending. It has outperformed by 77.73% the S&P500.

Shanta Gold Limited (LON:SHG) Ratings Coverage

Out of 3 analysts covering Shanta Gold Ltd (LON:SHG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Shanta Gold Ltd has been the topic of 27 analyst reports since November 19, 2015 according to StockzIntelligence Inc. The stock of Shanta Gold Limited (LON:SHG) earned “Buy” rating by FinnCap on Tuesday, July 19. FinnCap maintained Shanta Gold Limited (LON:SHG) on Tuesday, January 19 with “Buy” rating. The stock of Shanta Gold Limited (LON:SHG) earned “Buy” rating by Peel Hunt on Thursday, September 22. The rating was maintained by FinnCap on Thursday, May 19 with “Buy”. As per Tuesday, September 13, the company rating was maintained by Peel Hunt. Peel Hunt maintained the shares of SHG in a report on Monday, August 22 with “Buy” rating. As per Monday, March 21, the company rating was maintained by FinnCap. The firm has “Buy” rating given on Friday, July 15 by FinnCap. The stock of Shanta Gold Limited (LON:SHG) earned “Buy” rating by FinnCap on Monday, June 27. The firm earned “Buy” rating on Wednesday, August 17 by FinnCap.

Shanta Gold Limited is a gold producing firm engaged in the investment in gold exploration and production in Tanzania. The company has a market cap of 75.68 million GBP. The Firm is engaged in mining, processing, exploration and related activities. It currently has negative earnings. The Company’s Tanzanian assets include New Luika Gold Mine, Singida, Songea and Lupa Goldfield exploration.

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