Base Resources Limited (LON:BSE - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7.08 ($0.09) and traded as low as GBX 5.60 ($0.07). Base Resources shares last traded at GBX 5.65 ($0.07), with a volume of 33,418 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have commented on BSE. Berenberg Bank reduced their price objective 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. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 35 ($0.44) price objective on shares of Base Resources in a research note on Monday, February 26th.
Check Out Our Latest Analysis on BSE
Base Resources Trading Down 4.4 %
The firm has a market capitalization of £63.18 million, a PE ratio of -135.00 and a beta of 0.85. The business has a 50 day moving average price of GBX 6.27 and a 200-day moving average price of GBX 7.07. The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26.
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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