Base Resources Limited (OTCMKTS:BSRUF) Sees Significant Decline in Short Interest

Base Resources Limited (OTCMKTS:BSRUF) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 9,300 shares, a decline of 40.4% from the May 31st total of 15,600 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 46.5 days.

Base Resources Price Performance

Shares of OTCMKTS:BSRUF remained flat at 0.16 during trading on Friday. Base Resources has a one year low of 0.05 and a one year high of 0.21. The company has a 50-day simple moving average of 0.18 and a 200-day simple moving average of 0.12.

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.