Base Resources Limited (LON:BSE – Get Rating)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.34 ($0.19) and traded as low as GBX 12.51 ($0.15). Base Resources shares last traded at GBX 13.30 ($0.16), with a volume of 91,172 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on BSE shares. Shore Capital reiterated a “house stock” rating on shares of Base Resources in a report on Tuesday, October 25th. Berenberg Bank restated a “buy” rating and set a GBX 35 ($0.43) target price on shares of Base Resources in a research note on Tuesday, October 25th.
Base Resources Trading Up 4.3 %
The company has a 50 day moving average of GBX 12.85 and a two-hundred day moving average of GBX 15.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.81 and a current ratio of 4.55. The stock has a market capitalization of £156.68 million and a PE ratio of 221.67.
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.
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