Hummingbird Resources (LON:HUM) Shares Up 0.9% – Here’s Why

Hummingbird Resources PLC (LON:HUM)’s share price was up 0.9% during mid-day trading on Tuesday . The stock traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.65 ($0.02). Approximately 3,639,466 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 2,304,446 shares. The stock had previously closed at GBX 1.64 ($0.02).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 17 ($0.22) price target on shares of Hummingbird Resources in a research report on Tuesday, September 17th.

Hummingbird Resources Stock Performance

The company has a debt-to-equity ratio of 149.07, a quick ratio of 0.45 and a current ratio of 0.21. The stock has a market capitalization of £18.23 million, a P/E ratio of -33.00 and a beta of 0.50. The business has a 50-day moving average price of GBX 3.93 and a 200 day moving average price of GBX 6.86.

About Hummingbird Resources

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. The company primarily explores for gold ores. It holds interests in the Yanfolila gold mine located in Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.