The stock of Shanta Gold Limited (LON:SHG) is a huge mover today! The stock decreased 5.58% or GBX 0.59 on November 18, hitting GBX 10.03. About 3.33 million shares traded hands or 95.88% up from the average. Shanta Gold Limited (LON:SHG) has risen 34.92% since April 20, 2016 and is uptrending. It has outperformed by 30.49% the S&P500.
The move comes after 9 months negative chart setup for the GBX 57.87M company. It was reported on Nov, 18 by Barchart.com. We have GBX 9.03 PT which if reached, will make LON:SHG worth GBX 5.79 million less.
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 firm has “Buy” rating by Peel Hunt given on Wednesday, August 17. On Monday, May 23 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The rating was maintained by Peel Hunt on Thursday, September 22 with “Buy”. Peel Hunt maintained the stock with “Buy” rating in Wednesday, January 27 report. The rating was maintained by Peel Hunt with “Buy” on Tuesday, September 13. Peel Hunt maintained it with “Buy” rating and GBX 21 target price in Tuesday, October 18 report. The firm earned “Buy” rating on Thursday, May 19 by FinnCap. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, January 20. The rating was maintained by FinnCap on Tuesday, December 1 with “Buy”. Peel Hunt maintained it with “Buy” rating and GBX 8 target price in Monday, May 23 report.
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 57.87 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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