Base Resources (LON:BSE) Sets New 1-Year High at $13.50

Base Resources Limited (LON:BSE) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 13.50 ($0.17) and last traded at GBX 12.88 ($0.16), with a volume of 262659 shares trading hands. The stock had previously closed at GBX 12.50 ($0.16).

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 35 ($0.44) price objective on shares of Base Resources in a report on Tuesday, April 30th. Berenberg Bank dropped their price objective on Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a “buy” rating for the company in a research note on Monday, February 26th.

Base Resources Stock Performance

The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. The company has a market capitalization of £150.70 million, a price-to-earnings ratio of -312.50 and a beta of 0.85. The stock’s fifty day simple moving average is GBX 7.27 and its 200-day simple moving average is GBX 7.30.

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.