Base Resources (LON:BSE) Shares Cross Below 200-Day Moving Average – What’s Next?

Posted by Doug Madison on Nov 2nd, 2024

Shares of Base Resources Limited (LON:BSE – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 12.44 ($0.16) and traded as low as GBX 11.50 ($0.15). Base Resources shares last traded at GBX 12.30 ($0.16), with a volume of 207,313 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on Base Resources from GBX 15 ($0.19) to GBX 13 ($0.17) and set a “hold” rating for the company in a report on Tuesday, August 27th.

Get Our Latest Analysis on BSE

Base Resources Trading Up 6.0 %

The stock has a market capitalization of £143.91 million, a P/E ratio of -387.50 and a beta of 0.61. The company has a current ratio of 2.35, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of GBX 12.12 and a 200 day moving average price of GBX 12.49.

Base Resources Company Profile

(Get Free Report)

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.