Base Resources (LON:BSE) Reaches New 52-Week Low at $5.00

Shares of Base Resources Limited (LON:BSE) 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 changing hands. The stock had previously closed at GBX 5.65 ($0.07).

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BSE shares. Berenberg Bank dropped their target price on shares of Base Resources from GBX 31 ($0.39) to GBX 30 ($0.37) and set a “buy” rating for the company in a research report on Monday, February 26th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 35 ($0.44) target price on shares of Base Resources in a research report on Monday, February 26th.

Base Resources Trading Down 4.4 %

The business’s fifty day simple moving average is GBX 6.34 and its 200 day simple moving average is GBX 7.08. 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 has a market cap of £63.18 million, a P/E ratio of -141.25 and a beta of 0.85.

Base Resources Company Profile

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.