Hummingbird Resources (LON:HUM) Trading 10.7% Higher

Posted by Donald Scott on May 1st, 2024

Hummingbird Resources PLC (LON:HUM – Get Free Report)’s stock price traded up 10.7% during mid-day trading on Wednesday . The company traded as high as GBX 9.39 ($0.12) and last traded at GBX 8.86 ($0.11). 3,773,343 shares were traded during trading, an increase of 119% from the average session volume of 1,723,804 shares. The stock had previously closed at GBX 8 ($0.10).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 22 ($0.28) price target on shares of Hummingbird Resources in a research report on Tuesday, April 16th.

Check Out Our Latest Stock Analysis on Hummingbird Resources

Hummingbird Resources Trading Up 12.8 %

The stock has a 50-day simple moving average of GBX 7.99 and a two-hundred day simple moving average of GBX 9.17. The company has a debt-to-equity ratio of 95.56, a quick ratio of 0.45 and a current ratio of 0.47. The firm has a market cap of £72.10 million, a PE ratio of -206.53 and a beta of 0.62.

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.