Base Resources (LON:BSE) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Base Resources (LON:BSEGet Rating) in a research report released on Tuesday, reports. Canaccord Genuity Group currently has a GBX 50 ($0.62) price target on the stock.

Several other research firms have also commented on BSE. Shore Capital reissued a house stock rating on shares of Base Resources in a research report on Tuesday, October 25th. Berenberg Bank raised their target price on Base Resources from GBX 35 ($0.43) to GBX 36 ($0.45) and gave the company a buy rating in a research note on Tuesday.

Base Resources Trading Down 1.9 %

LON:BSE opened at GBX 12.75 ($0.16) on Tuesday. The business’s 50-day moving average is GBX 12.79 and its two-hundred day moving average is GBX 15.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.55 and a quick ratio of 3.81. Base Resources has a 12 month low of GBX 11 ($0.14) and a 12 month high of GBX 21 ($0.26). The firm has a market capitalization of £150.20 million and a PE ratio of 212.50.

Base Resources Company Profile

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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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