Ketan Patel Buys 222,885 Shares of Shanta Gold Limited (SHG) Stock
Shanta Gold Limited (LON:SHG) insider Ketan Patel purchased 222,885 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £13,373.10 ($17,738.56).
Shares of Shanta Gold Limited (LON:SHG) opened at 3.25 on Thursday. The stock’s market cap is GBX 24.90 million. Shanta Gold Limited has a one year low of GBX 3.00 and a one year high of GBX 13.38. The company has a 50 day moving average price of GBX 3.70 and a 200-day moving average price of GBX 6.01.
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SHG has been the subject of a number of research reports. FinnCap reiterated an “under review” rating on shares of Shanta Gold Limited in a report on Tuesday, June 20th. Shore Capital reiterated a “not rated” rating on shares of Shanta Gold Limited in a report on Wednesday, July 19th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 16 ($0.21) price target on shares of Shanta Gold Limited in a report on Friday, August 18th.
About Shanta Gold Limited
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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