Hummingbird Resources (LON:HUM) Rating Reiterated by Canaccord Genuity Group

Hummingbird Resources (LON:HUMGet Rating)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 15 ($0.19) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 6.38% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 15 ($0.19) target price on shares of Hummingbird Resources in a research note on Monday, April 11th.

Hummingbird Resources stock opened at GBX 14.10 ($0.18) on Tuesday. The company has a debt-to-equity ratio of 29.94, a current ratio of 0.56 and a quick ratio of 0.29. The firm has a market cap of £55.50 million and a price-to-earnings ratio of -17.91. The stock’s 50-day moving average is GBX 14.97. Hummingbird Resources has a 1 year low of GBX 10.55 ($0.13) and a 1 year high of GBX 24 ($0.31).

In related news, insider Daniel E. Betts acquired 185,000 shares of the stock in a transaction dated Thursday, February 3rd. The stock was bought at an average price of GBX 13 ($0.17) per share, with a total value of £24,050 ($30,652.56). Also, insider Thomas Hill bought 50,000 shares of Hummingbird Resources stock in a transaction that occurred on Monday, January 31st. The stock was bought at an average cost of GBX 11 ($0.14) per share, with a total value of £5,500 ($7,009.94).

About Hummingbird Resources (Get Rating)

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 principally holds interests in the Yanfolila gold mine located in southern Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

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