Base Resources Ltd (LON:BSE) Receives “Buy” Rating from Numis Securities Ltd

Base Resources Ltd (LON:BSE)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday, July 14th. They presently have a GBX 30 ($0.39) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 73.91% from the company’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Base Resources in a research report on Wednesday, April 12th.

Shares of Base Resources (BSE) remained flat at GBX 17.25 during trading on Friday. The stock had a trading volume of 27,665 shares. Base Resources has a 1-year low of GBX 7.00 and a 1-year high of GBX 21.50. The stock’s market cap is GBX 128.03 million. The company has a 50 day moving average price of GBX 16.23 and a 200-day moving average price of GBX 17.19.

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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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