Base Resources (LON:BSE) Reaches New 52-Week High at $12.50

Shares of Base Resources Limited (LON:BSE) reached a new 52-week high during trading on Monday . The company traded as high as GBX 12.50 ($0.15) and last traded at GBX 12 ($0.15), with a volume of 8301892 shares. The stock had previously closed at GBX 5.40 ($0.07).

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 35 ($0.43) price objective on shares of Base Resources in a research note on Monday, February 26th. Berenberg Bank cut their price target on shares of Base Resources from GBX 31 ($0.38) to GBX 30 ($0.37) and set a “buy” rating on the stock in a report on Monday, February 26th.

Base Resources Stock Performance

The firm has a market cap of £143.33 million, a P/E ratio of -300.00 and a beta of 0.85. The company’s 50-day moving average is GBX 6.24 and its two-hundred day moving average is GBX 7.03. The company has a current ratio of 4.19, a quick ratio of 3.81 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.