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

Base Resources Limited (LON:BSE) reached a new 52-week high on Tuesday . The company traded as high as GBX 13.50 ($0.17) and last traded at GBX 12.50 ($0.16), with a volume of 551816 shares. The stock had previously closed at GBX 12.63 ($0.16).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Berenberg Bank lowered 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. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 35 ($0.44) price target on shares of Base Resources in a report on Tuesday.

Base Resources Price Performance

The stock has a 50 day moving average of GBX 6.70 and a two-hundred day moving average of GBX 7.15. 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 has a market cap of £146.25 million, a PE ratio of -312.50 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.