Hummingbird Resources (LON:HUM) Trading 10.9% Higher – Still a Buy?

Hummingbird Resources PLC (LON:HUM) shares were up 10.9% during mid-day trading on Thursday . The stock traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.44 ($0.03). Approximately 4,628,327 shares changed hands during trading, an increase of 95% from the average daily volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 17 ($0.21) price objective on shares of Hummingbird Resources in a report on Tuesday, September 17th.

Hummingbird Resources Stock Performance

The stock has a market cap of £20.66 million, a price-to-earnings ratio of -51.00 and a beta of 0.50. The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07. The firm has a fifty day simple moving average of GBX 2.85 and a 200-day simple moving average of GBX 6.26.

About Hummingbird Resources

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production.

Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited.