Shanta Gold (LON:SHG) Shares Cross Above 200-Day Moving Average of $12.24

Shanta Gold Limited (LON:SHG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 12.24 ($0.15) and traded as high as GBX 14.50 ($0.18). Shanta Gold shares last traded at GBX 14.34 ($0.18), with a volume of 13,022,146 shares changing hands.

Shanta Gold Stock Up 0.3 %

The company has a debt-to-equity ratio of 19.81, a quick ratio of 0.39 and a current ratio of 1.33. The stock has a market cap of £150.57 million, a P/E ratio of 1,434.00 and a beta of 0.45. The stock’s fifty day simple moving average is GBX 13.63 and its 200-day simple moving average is GBX 12.25.

Shanta Gold Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be issued a GBX 0.15 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.04%. This is an increase from Shanta Gold’s previous dividend of $0.10. Shanta Gold’s payout ratio is currently 25.56%.

About Shanta Gold

Shanta Gold Limited, together with its subsidiaries, engages in the exploration, development, and production of gold in East Africa. It holds a 100% interest in the New Luika gold mine property located in Songwe district of Southwestern Tanzania. The company also owns the Singida gold mine located in the Ikungi region of Central Tanzania; and the West Kenya Project in Kenya.