Base Resources’ (LON:BSE) Buy Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reaffirmed their buy rating on shares of Base Resources Ltd (LON:BSE) in a research report released on Friday morning. Numis Securities Ltd currently has a GBX 30 ($0.39) target price on the stock.

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

Base Resources (LON:BSE) remained flat at GBX 15.75 on Friday. The stock had a trading volume of 27,665 shares. The firm’s market cap is GBX 116.90 million. The firm’s 50-day moving average price is GBX 17.11 and its 200-day moving average price is GBX 16.54. Base Resources has a 12-month low of GBX 6.51 and a 12-month high of GBX 21.50.

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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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