Insider Buying: Shanta Gold Limited (SHG) Insider Purchases £25,433.28 in Stock

Shanta Gold Limited (LON:SHG) insider Anthony Durrant purchased 423,888 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £25,433.28 ($34,006.26).

Shares of Shanta Gold Limited (LON SHG) opened at GBX 6.12 ($0.08) on Friday. Shanta Gold Limited has a 52-week low of GBX 3 ($0.04) and a 52-week high of GBX 12.75 ($0.17). The company has a market cap of $51.93 and a PE ratio of -612.00.

A number of analysts have commented on SHG shares. Peel Hunt dropped their price target on shares of Shanta Gold from GBX 16 ($0.21) to GBX 13 ($0.17) and set a “buy” rating on the stock in a research report on Thursday, December 21st. FinnCap restated an “under review” rating on shares of Shanta Gold in a research report on Tuesday, September 12th.

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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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