Numis Securities Ltd Reiterates “Buy” Rating for Base Resources Ltd (BSE)
Base Resources Ltd (LON:BSE)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They presently have a GBX 30 ($0.39) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 71.43% from the company’s previous close.
Base Resources (LON:BSE) opened at 17.50 on Wednesday. The company’s market capitalization is GBX 129.31 million. Base Resources has a one year low of GBX 7.00 and a one year high of GBX 21.50. The firm’s 50 day moving average price is GBX 16.41 and its 200-day moving average price is GBX 17.33.
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About Base Resources
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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