Shanta Gold (LON:SHG) Stock Price Crosses Below 200-Day Moving Average of $0.00

Shanta Gold Limited (LON:SHG)’s share price 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 traded.

Separately, Numis Securities restated a “buy” rating and issued a GBX 12 ($0.16) price target on shares of Shanta Gold in a research note on Thursday, April 18th.

The company has a debt-to-equity ratio of 44.66, a quick ratio of 0.70 and a current ratio of 1.38. The company has a market cap of $65.35 million and a P/E ratio of 8.30. The company has a 50 day moving average of GBX 7.20.

About Shanta Gold (LON:SHG)

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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