Base Resources (LON:BSE) Shares Cross Below 200 Day Moving Average of $15.34

Shares of Base Resources Limited (LON:BSEGet Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.34 ($0.19) and traded as low as GBX 12.51 ($0.15). Base Resources shares last traded at GBX 13.30 ($0.16), with a volume of 91,172 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 35 ($0.43) price target on shares of Base Resources in a research note on Tuesday, October 25th. Shore Capital reissued a “house stock” rating on shares of Base Resources in a research note on Tuesday, October 25th.

Base Resources Trading Up 4.3 %

The company has a current ratio of 4.55, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of GBX 12.85 and a two-hundred day simple moving average of GBX 15.34. The firm has a market capitalization of £156.68 million and a P/E ratio of 221.67.

About Base Resources

(Get Rating)

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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