Base Resources (LON:BSE) Stock Price Crosses Above Fifty Day Moving Average of $15.91

Base Resources Limited (LON:BSE) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 15.91 ($0.22) and traded as high as GBX 16.49 ($0.22). Base Resources shares last traded at GBX 16.25 ($0.22), with a volume of 170,896 shares changing hands.

Several equities analysts recently issued reports on the company. reissued a “buy” rating and issued a GBX 50 ($0.68) target price on shares of Base Resources in a research report on Thursday, November 18th. Peel Hunt reaffirmed a “buy” rating and set a GBX 21 ($0.29) price target on shares of Base Resources in a research report on Tuesday, October 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 21 ($0.29) price target on shares of Base Resources in a research report on Tuesday, October 19th. Finally, Berenberg Bank increased their price target on Base Resources from GBX 30 ($0.41) to GBX 31 ($0.42) and gave the stock a “buy” rating in a research report on Thursday, January 6th.

The company has a current ratio of 2.29, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of £191.43 million and a price-to-earnings ratio of 23.21. The stock has a 50-day moving average price of GBX 15.91 and a 200 day moving average price of GBX 15.78.

Base Resources Company Profile (LON:BSE)

Base Resources Limited produces and sells mineral sands in Africa. It produces mineral sands, such as rutile, ilmenite, and zircon. The company primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya; and develops the Toliara project located in Madagascar. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.

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