Base Resources (LON:BSE) Hits New 12-Month High at $12.50

Base Resources Limited (LON:BSE) hit a new 52-week high 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 analysts recently weighed in on BSE shares. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 35 ($0.43) target price on shares of Base Resources in a research note on Monday, February 26th. Berenberg Bank lowered their price objective 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.

Base Resources Price Performance

The company has a fifty day moving average price of GBX 6.24 and a two-hundred day moving average price of GBX 7.03. The firm has a market capitalization of £143.33 million, a price-to-earnings ratio of -300.00 and a beta of 0.85. The company has a quick ratio of 3.81, a current ratio of 4.19 and a debt-to-equity ratio of 0.26.

About Base Resources

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.