Base Resources Limited (ASX:BSE) Insider Timothy (Tim) Carstens Buys 5,317,324 Shares of Stock

Base Resources Limited (ASX:BSE) insider Timothy (Tim) Carstens purchased 5,317,324 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was bought 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 quick ratio of 3.81, a current ratio of 2.35 and a debt-to-equity ratio of 0.26.

Base Resources Increases Dividend

The firm also recently declared a Interim dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be paid a $0.065 dividend. This is a boost from Base Resources’s previous Interim dividend of $0.02. The ex-dividend date is Monday, September 16th. This represents a dividend yield of 25.49%.

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.