Base Resources Limited (OTCMKTS:BSRUF) Sees Significant Increase in Short Interest

Base Resources Limited (OTCMKTS:BSRUF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 10,100 shares, an increase of 10,000.0% from the August 31st total of 100 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 4.6 days.

Base Resources Trading Up 27.2 %

Shares of OTCMKTS:BSRUF opened at 0.20 on Wednesday. The business’s 50 day moving average price is 0.17 and its 200-day moving average price is 0.15. Base Resources has a 1 year low of 0.05 and a 1 year high of 0.21.

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.