Chaart Gold (CGH) Receives Buy Rating from Numis Securities

Chaart Gold (LON:CGH)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities in a report issued on Friday. They presently have a GBX 35 ($0.47) target price on the stock. Numis Securities’ target price suggests a potential upside of 71.57% from the stock’s current price.

Shares of Chaart Gold (LON:CGH) opened at GBX 20.40 ($0.27) on Friday. Chaart Gold has a 12-month low of GBX 8.67 ($0.12) and a 12-month high of GBX 23.50 ($0.32).

In other news, insider Martin Andersson acquired 7,500,000 shares of Chaart Gold stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of GBX 17 ($0.23) per share, for a total transaction of £1,275,000 ($1,716,016.15).

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Chaart Gold Company Profile

Chaarat Gold Holdings Limited is a holding, management and finance company. The Company is engaged in the exploration for gold and the development of the Chaarat Gold Project in the Kyrgyz Republic. The Chaarat Gold Project is approximately 10 kilometers along strike at the center of the Sandalash license area, which consists of three identified prospects: Chaarat, Kashkasu and Minteke.

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