Base Resources Limited (OTCMKTS:BSRUF – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a decrease of 99.4% from the July 31st total of 15,800 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Base Resources Stock Performance
OTCMKTS:BSRUF opened at 0.13 on Friday. Base Resources has a 52-week low of 0.10 and a 52-week high of 0.24. The business’s fifty day moving average is 0.12 and its 200 day moving average is 0.13.
Analysts Set New Price Targets
Separately, Berenberg Bank cut their price objective on Base Resources from GBX 30 ($0.38) to GBX 29 ($0.37) in a research report on Thursday, July 27th.
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.
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