Base Resources (ASX:BSE) Trading Up 2%
Base Resources Limited (ASX:BSE)’s share price was up 2% during trading on Tuesday . The stock traded as high as A$0.26 ($0.18) and last traded at A$0.26 ($0.18), approximately 449,054 shares traded hands during mid-day trading. The stock had previously closed at A$0.25 ($0.18).
The firm’s 50-day simple moving average is A$0.23 and its 200 day simple moving average is A$0.24. The stock has a market capitalization of $298.76 million and a P/E ratio of 7.73. The company has a quick ratio of 1.48, a current ratio of 1.86 and a debt-to-equity ratio of 5.91.
About Base Resources (ASX:BSE)
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.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
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