Base Resources (LON:BSE) Shares Pass Below 200-Day Moving Average of $7.08

Base Resources Limited (LON:BSE)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on BSE. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 35 ($0.44) price target on shares of Base Resources in a research note on Monday, February 26th. Berenberg Bank decreased their price target on shares of Base Resources from GBX 31 ($0.39) to GBX 30 ($0.37) and set a “buy” rating on the stock in a research note on Monday, February 26th.

Base Resources Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.81 and a current ratio of 4.19. The stock’s 50 day simple moving average is GBX 6.34 and its two-hundred day simple moving average is GBX 7.08. The firm has a market capitalization of £66.11 million, a PE ratio of -141.25 and a beta of 0.85.

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.