Base Resources (LON:BSE) Price Target Cut to GBX 13 by Analysts at Berenberg Bank

Base Resources (LON:BSE) had its target price lowered by Berenberg Bank from GBX 15 ($0.20) to GBX 13 ($0.17) in a report released on Tuesday, Digital Look reports. The firm currently has a hold rating on the stock.

Separately, Canaccord Genuity Group reiterated a speculative buy rating and issued a GBX 35 ($0.46) target price on shares of Base Resources in a research report on Tuesday, April 30th.

Base Resources Trading Up 1.9 %

LON BSE traded up GBX 0.25 ($0.00) during trading hours on Tuesday, hitting GBX 13 ($0.17). 245,979 shares of the company’s stock were exchanged, compared to its average volume of 254,448. The business’s 50 day moving average is GBX 13.18 and its 200-day moving average is GBX 10.78. Base Resources has a 12-month low of GBX 5 ($0.07) and a 12-month high of GBX 15 ($0.20). The firm has a market capitalization of £152.08 million, a P/E ratio of -433.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.81 and a current ratio of 4.19.

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.