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Numis Securities Ltd cut their price objective on shares of Chaarat Gold Holdings Ltd (LON:CGH) from GBX 30 ($0.49) to GBX 25 ($0.41) in a research note issued on Monday, American Banking News reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price target indicates a potential upside of 158.80% from the company’s current price.

Shares of Chaarat Gold Holdings Ltd (LON:CGH) opened at 9.795 on Monday. Chaarat Gold Holdings Ltd has a one year low of GBX 8.25 and a one year high of GBX 29.005. The stock’s 50-day moving average is GBX 9.61 and its 200-day moving average is GBX 11.3.

Chaarat Gold Holdings Limited is a holding, management and finance company. The Company is engaged in the exploration for gold and the development of the Chaarat Gold Project in the Kyrgyz Republic.

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