Base Resources Limited 68.5% potential upside indicated by Canaccord Genuity

Base Resources Limited with ticker (LON:BSE) now has a potential upside of 68.5% according to Canaccord Genuity.



Canaccord Genuity set a target price of 50 GBX for the company, which when compared to the Base Resources Limited share price of 16 GBX at opening today (25/11/2021) indicates a potential upside of 68.5%. Trading has ranged between 13 (52 week low) and 19 (52 week high) with an average of 67,316 shares exchanging hands daily. The market capitalisation at the time of writing is £353,679,533.

Base Resources Limited is an Australian company engaged in production and development of mineral sands. The Company is focused on the Kwale Mineral Sands Operation in Kenya and the development of the Toliara Project in Madagascar. The Company’s Kwale Operations is located approximately 50 kilometers south of Mombasa and 10 kilometers inland from the Kenyan coast. Its Kwale Operation features a high-grade ore body with a high-value mineral assemblage, rich in rutile. The Company’s fully owned Toliara Project is based on the Ranobe deposit, located approximately 45 kilometers north of the town of Toliara, and 15 kilometers inland from the coast in southwest Madagascar. The Company’s operations are designed to process ore to recover three separate products: ilmenite, rutile and zircon.