Base Resources (LON:BSE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 28 ($0.34) price target on shares of Base Resources in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of GBX 21.50 ($0.26).
LON BSE opened at GBX 10.25 ($0.13) on Monday. The company has a current ratio of 2.33, a quick ratio of 1.71 and a debt-to-equity ratio of 4.35. The firm’s fifty day moving average price is GBX 9.31 and its two-hundred day moving average price is GBX 9.67. Base Resources has a 1 year low of GBX 0.09 ($0.00) and a 1 year high of GBX 14 ($0.17). The firm has a market capitalization of $120.09 million and a P/E ratio of 3.94.
Base Resources Limited produces and sells mineral sands in Africa. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.
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