Peel Hunt restated their buy rating on shares of Base Resources (LON:BSE) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Separately, Berenberg Bank reaffirmed a buy rating on shares of Base Resources in a research report on Thursday, June 4th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of GBX 21.25 ($0.26).
Shares of Base Resources stock opened at GBX 8.75 ($0.11) on Tuesday. The company has a fifty day moving average price of GBX 8.46 and a 200 day moving average price of GBX 10.04. The company has a current ratio of 2.33, a quick ratio of 1.71 and a debt-to-equity ratio of 4.35. Base Resources has a twelve month low of GBX 6.50 ($0.08) and a twelve month high of GBX 14 ($0.17). The stock has a market cap of $102.52 million and a price-to-earnings ratio of 3.37.
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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