Hummingbird Resources (LON:HUM) Trading 9.8% Higher

Hummingbird Resources PLC (LON:HUMGet Free Report) was up 9.8% on Thursday . The company traded as high as GBX 9.45 ($0.12) and last traded at GBX 9.22 ($0.12). Approximately 6,425,079 shares traded hands during trading, an increase of 271% from the average daily volume of 1,732,702 shares. The stock had previously closed at GBX 8.40 ($0.11).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 18 ($0.23) price objective on shares of Hummingbird Resources in a research report on Friday, May 17th.

Check Out Our Latest Report on HUM

Hummingbird Resources Stock Performance

The stock has a market capitalization of £71.14 million, a price-to-earnings ratio of -222.50 and a beta of 0.53. The company’s fifty day simple moving average is GBX 8.38 and its 200 day simple moving average is GBX 9.12. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 95.56.

Hummingbird Resources Company Profile

(Get Free Report)

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.

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