Base Resources (LON:BSE) Reaches New 12-Month High at $13.50

Base Resources Limited (LON:BSE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 13.50 ($0.17) and last traded at GBX 12.50 ($0.16), with a volume of 551816 shares traded. The stock had previously closed at GBX 12.63 ($0.16).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BSE. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 35 ($0.44) target price on shares of Base Resources in a research note on Tuesday. Berenberg Bank dropped their target price on shares of Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a “buy” rating for the company in a research report on Monday, February 26th.

Base Resources Stock Performance

The company has a market capitalization of £146.25 million, a P/E ratio of -312.50 and a beta of 0.85. The business has a 50 day moving average of GBX 6.70 and a 200 day moving average of GBX 7.15. The company has a quick ratio of 3.81, a current ratio of 4.19 and a debt-to-equity ratio of 0.26.

Base Resources Company Profile

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.