Shanta Gold Limited (LON:SHG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $7.90. Shanta Gold shares last traded at $8.30, with a volume of 345,661 shares.
Separately, Numis Securities reissued a “buy” rating and set a GBX 12 ($0.16) price objective on shares of Shanta Gold in a report on Thursday, April 18th.
The company has a debt-to-equity ratio of 44.66, a current ratio of 1.38 and a quick ratio of 0.70. The company’s fifty day moving average is GBX 7.20. The company has a market capitalization of $63.69 million and a PE ratio of 8.30.
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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