Base Resources (LON:BSE) Stock Price Passes Above 50-Day Moving Average of $6.70

Shares of Base Resources Limited (LON:BSE) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 6.70 ($0.08) and traded as high as GBX 12.75 ($0.16). Base Resources shares last traded at GBX 12.63 ($0.16), with a volume of 740,008 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BSE shares. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 35 ($0.44) price target on shares of Base Resources in a research report on Monday, February 26th. Berenberg Bank cut their price target on Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a “buy” rating on the stock in a report on Monday, February 26th.

Base Resources Stock Performance

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 capitalization of £148.30 million, a P/E ratio of -315.63 and a beta of 0.85. The company’s 50-day moving average is GBX 6.70 and its two-hundred day moving average is GBX 7.15.

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.