Shanta Gold (LON:SHG)‘s stock had its “buy” rating reissued by research analysts at Numis Securities in a note issued to investors on Friday. They currently have a GBX 12 ($0.15) price target on the stock. Numis Securities’ price objective suggests a potential upside of 155.32% from the company’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Shanta Gold in a research note on Thursday.

Shares of Shanta Gold stock opened at GBX 4.70 ($0.06) on Friday. Shanta Gold has a 12 month low of GBX 3 ($0.04) and a 12 month high of GBX 10.49 ($0.13).

In other Shanta Gold news, insider Anthony Durrant bought 413,159 shares of the firm’s stock in a transaction on Friday, July 6th. The stock was purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £24,789.54 ($31,623.34).

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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