Canaccord Genuity Group Reiterates Speculative Buy Rating for Base Resources (LON:BSE)

Base Resources (LON:BSE)‘s stock had its “speculative buy” rating restated by Canaccord Genuity Group in a note issued to investors on Tuesday, MarketBeat reports. They presently have a GBX 35 ($0.44) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 169.23% from the company’s current price.

Separately, Berenberg Bank decreased their price target on shares of Base Resources from GBX 31 ($0.39) to GBX 30 ($0.38) and set a “buy” rating for the company in a research note on Monday, February 26th.

Base Resources Stock Performance

Shares of BSE stock opened at GBX 13 ($0.16) on Tuesday. The firm has a market capitalization of £152.10 million, a PE ratio of -325.00 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 6.91 and a two-hundred day simple moving average of GBX 7.22. The company has a current ratio of 4.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26. Base Resources has a 12 month low of GBX 5 ($0.06) and a 12 month high of GBX 13.50 ($0.17).

Base Resources Company Profile

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.