Base Resources’ (BSE) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Base Resources (LON:BSE) in a report issued on Tuesday morning, Marketbeat reports. They currently have a GBX 35 ($0.44) price objective on the stock.

Separately, Berenberg Bank dropped their price objective on shares of Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a buy rating on the stock in a research note on Monday, February 26th.

Base Resources Stock Performance

Shares of BSE opened at GBX 12.50 ($0.16) on Tuesday. The stock has a market capitalization of £146.25 million, a PE ratio of -312.50 and a beta of 0.85. The business’s fifty day moving average price is GBX 6.79 and its 200 day moving average price is GBX 7.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.19 and a quick ratio of 3.81. Base Resources has a 12-month low of GBX 5 ($0.06) and a 12-month high of GBX 13.50 ($0.17).

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.