Base Resources Ltd (BSE) Stock Rating Reaffirmed by Shore Capital
Separately, Numis Securities Ltd reissued a “buy” rating and set a GBX 30 ($0.39) price target on shares of Base Resources in a research report on Friday.
Base Resources (LON BSE) opened at 18.50 on Friday. The stock’s market capitalization is GBX 137.31 million. The stock’s 50 day moving average is GBX 17.66 and its 200-day moving average is GBX 17.42. Base Resources has a 12 month low of GBX 10.10 and a 12 month high of GBX 21.50.
Base Resources Company Profile
Base Resources Limited is an Australia-based mineral sands producer. The Company is engaged in the operation of the 100%-owned Kwale Mineral Sands Operation (Kwale Operation) in Kenya. The Company’s segments include Kwale Operation and Other operations. The Kwale Operation is located approximately 10 kilometers inland from the Kenyan coast and over 50 kilometers south of Mombasa, the principal port facility for East Africa.
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