Shore Capital reiterated their not rated rating on shares of Base Resources Limited (BSE.L) (LON:BSE) in a research report sent to investors on Thursday, AR Network reports.

A number of other research analysts also recently issued reports on the stock. Berenberg Bank reiterated a buy rating and set a GBX 28 ($0.37) target price on shares of Base Resources Limited (BSE.L) in a research report on Tuesday, July 7th. Peel Hunt restated a buy rating on shares of Base Resources Limited (BSE.L) in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of GBX 21.50 ($0.28).

Base Resources Limited (BSE.L) stock opened at GBX 13.95 ($0.18) on Thursday. The company has a quick ratio of 2.37, a current ratio of 2.67 and a debt-to-equity ratio of 20.44. Base Resources Limited has a 12-month low of GBX 0.14 ($0.00) and a 12-month high of GBX 18.50 ($0.24). The firm’s fifty day moving average is GBX 15.28 and its 200 day moving average is GBX 10.44. The company has a market capitalization of $166.95 million and a PE ratio of 4.23.

About Base Resources Limited (BSE.L)

Base Resources Limited produces and sells mineral sands in Africa. It produces mineral sands, such as rutile, ilmenite, and zircon. The company primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya; and develops the Toliara project located in Madagascar. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.

See Also: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Base Resources Limited (BSE.L) (LON:BSE)

Receive News & Ratings for Base Resources Limited (BSE.L) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Base Resources Limited (BSE.L) and related companies with's FREE daily email newsletter.