Numis Securities Reaffirms “Buy” Rating for Base Resources (LON:BSE)

Base Resources (LON:BSE)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities in a report issued on Monday, February 26th. They currently have a GBX 34 ($0.47) target price on the stock. Numis Securities’ target price would indicate a potential upside of 117.25% from the stock’s previous close.

Base Resources (LON BSE) remained flat at $GBX 15.65 ($0.22) during trading on Monday. The company had a trading volume of 10,000 shares, compared to its average volume of 25,876. Base Resources has a 52 week low of GBX 14.02 ($0.19) and a 52 week high of GBX 20.62 ($0.28).

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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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