Base Resources Limited (ASX:BSE – Get Free Report) insider Timothy (Tim) Carstens purchased 5,317,324 shares of Base Resources stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of A$0.26 ($0.17) per share, for a total transaction of A$1,355,917.62 ($916,160.55).
Base Resources Price Performance
The company has a current ratio of 2.35, a quick ratio of 3.81 and a debt-to-equity ratio of 0.26.
Base Resources Increases Dividend
The business also recently disclosed a Interim dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a dividend yield of 25.49%. This is a positive change from Base Resources’s previous Interim dividend of $0.02.
About Base Resources
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.
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