Shanta Gold (LON:SHG) Share Price Passes Below 200-Day Moving Average of $9.29

Shanta Gold Limited (LON:SHGGet Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.29 ($0.11) and traded as low as GBX 8.39 ($0.10). Shanta Gold shares last traded at GBX 9.10 ($0.11), with a volume of 1,512,126 shares.

Separately, Liberum Capital reaffirmed a “buy” rating and set a GBX 32 ($0.39) price target on shares of Shanta Gold in a report on Monday, February 28th.

The firm has a market capitalization of £95.39 million and a price-to-earnings ratio of -18.20. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.87 and a quick ratio of 0.74. The company’s 50-day moving average is GBX 9.86 and its 200-day moving average is GBX 9.29.

The company also recently disclosed a dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 16th will be given a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a yield of 1.08%. Shanta Gold’s payout ratio is currently -0.55%.

Shanta Gold Company Profile (LON:SHG)

Shanta Gold Limited, together with its subsidiaries, engages in the exploration, development, and production of gold in Tanzania. Its flagship asset is the New Luika gold mine property located in Songwe district of Southwestern Tanzania. The company was founded in 2005 and is based in Saint Peter Port, the United Kingdom.

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