Shares of Base Resources Limited (LON:BSE - Get Free Report) hit 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 trading hands. The stock had previously closed at GBX 5.40 ($0.07).
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Berenberg Bank lowered their price target on Base Resources from GBX 31 ($0.38) to GBX 30 ($0.37) and set a "buy" rating for the company in a research report on Monday, February 26th. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 35 ($0.43) price target on shares of Base Resources in a research report on Monday, February 26th.
Get Our Latest Analysis on Base Resources
Base Resources Trading Up 122.2 %
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 firm has a market cap of £140.40 million, a P/E ratio of -300.00 and a beta of 0.85. The firm has a 50 day simple moving average of GBX 6.16 and a 200 day simple moving average of GBX 7.
About Base Resources
(
Get Free Report)
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.
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