Shares of Base Resources Limited (LON:BSE - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 5.40 ($0.07), with a volume of 231673 shares. The stock had previously closed at GBX 5.65 ($0.07).
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on BSE. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 35 ($0.44) price objective on shares of Base Resources in a report on Monday, February 26th. Berenberg Bank decreased their price target on Base Resources from GBX 31 ($0.39) to GBX 30 ($0.37) and set a "buy" rating for the company in a research note on Monday, February 26th.
Check Out Our Latest Report on Base Resources
Base Resources Trading Down 4.4 %
The business has a 50 day simple moving average of GBX 6.27 and a 200-day simple moving average of GBX 7.07. 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 capitalization of £63.18 million, a P/E ratio of -135.00 and a beta of 0.85.
Base Resources Company Profile
(
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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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