Base Resources (LON:BSE) Receives “Buy” Rating from Berenberg Bank

Base Resources (LON:BSEGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 31 ($0.39) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 275.76% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 35 ($0.44) price objective on shares of Base Resources in a research report on Thursday, December 14th.

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Base Resources Trading Up 0.6 %

Shares of Base Resources stock opened at GBX 8.25 ($0.10) on Tuesday. The firm has a 50-day simple moving average of GBX 7.29 and a two-hundred day simple moving average of GBX 8.34. The company has a market cap of £97.35 million, a P/E ratio of 135.00 and a beta of 0.85. Base Resources has a fifty-two week low of GBX 5.66 ($0.07) and a fifty-two week high of GBX 15 ($0.19). The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.81 and a current ratio of 4.86.

About Base Resources

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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.

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