Base Resources (LON:BSE) Hits New 12-Month Low at $5.00

Base Resources Limited (LON:BSE) hit a new 52-week low 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).

Analysts Set New Price Targets

Several research firms recently weighed in on BSE. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 35 ($0.44) target price on shares of Base Resources in a research note on Monday, February 26th. Berenberg Bank reduced their target price 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.

Base Resources Stock Performance

The firm has a market cap of £63.18 million, a price-to-earnings ratio of -137.40 and a beta of 0.85. The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is GBX 6.21 and its 200 day moving average is GBX 7.06.

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.