Base Resources (LON:BSE) Receives Speculative Buy Rating from Canaccord Genuity Group

Base Resources (LON:BSE)‘s stock had its “speculative buy” rating restated by investment analysts at Canaccord Genuity Group in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 35 ($0.44) price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 169.23% from the stock’s current price.

Separately, Berenberg Bank lowered their price target on Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a “buy” rating on the stock in a report on Monday, February 26th.

Base Resources Stock Performance

Shares of BSE stock opened at GBX 13 ($0.16) on Tuesday. The company has a market cap of £152.10 million, a price-to-earnings ratio of -325.00 and a beta of 0.85. The stock has a 50 day simple moving average of GBX 6.91 and a 200-day simple moving average of GBX 7.22. Base Resources has a 12-month low of GBX 5 ($0.06) and a 12-month high of GBX 13.50 ($0.17). The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26.

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.