Peel Hunt Reaffirms “Buy” Rating for Shanta Gold (SHG)

Shanta Gold (LON:SHG)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 13 ($0.18) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 135.08% from the stock’s previous close.

Separately, FinnCap restated an “under review” rating on shares of Shanta Gold in a report on Tuesday, September 12th.

Shares of Shanta Gold (LON SHG) opened at GBX 5.53 ($0.07) on Wednesday. The stock has a market capitalization of $43.76 and a price-to-earnings ratio of -553.00. Shanta Gold has a twelve month low of GBX 3 ($0.04) and a twelve month high of GBX 12.75 ($0.17).

In related news, insider Luke Leslie bought 765,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £30,600 ($41,497.15). Also, insider Robin Anthony Fryer sold 30,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of GBX 5 ($0.07), for a total value of £1,500 ($2,034.17).

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About Shanta Gold

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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