Base Resources (LON:BSE) Stock Price Crosses Below Two Hundred Day Moving Average of $7.08

Shares of Base Resources Limited (LON:BSE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 7.08 ($0.09) and traded as low as GBX 5.60 ($0.07). Base Resources shares last traded at GBX 5.65 ($0.07), with a volume of 33,418 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BSE shares. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 35 ($0.44) price objective on shares of Base Resources in a report on Monday, February 26th. Berenberg Bank decreased their price objective on Base Resources from GBX 31 ($0.39) to GBX 30 ($0.37) and set a “buy” rating on the stock in a report on Monday, February 26th.

Base Resources Price Performance

The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of £63.18 million, a PE ratio of -135.00 and a beta of 0.85. The firm has a 50-day moving average of GBX 6.21 and a two-hundred day moving average of GBX 7.06.

About Base Resources

Base Resources Limited operates as mineral sand developer and producer in Africa. It operates through Kwale Operation, Toliara Project, and Other segments. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns a 100% interest in the Kwale Mineral Sands project located in Kenya; and develops the Toliara project located in Madagascar.