Hummingbird Resources (LON:HUM) Stock Crosses Below 200-Day Moving Average of $9.30

Hummingbird Resources PLC (LON:HUMGet Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9.30 ($0.11) and traded as low as GBX 5.98 ($0.07). Hummingbird Resources shares last traded at GBX 6.55 ($0.08), with a volume of 1,956,428 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank downgraded shares of Hummingbird Resources to a “sell” rating and lowered their target price for the stock from GBX 9 ($0.10) to GBX 4 ($0.05) in a research report on Monday, October 24th.

Hummingbird Resources Trading Up 5.6 %

The firm has a market capitalization of £25.79 million and a price-to-earnings ratio of -2.85. The business has a 50-day moving average of GBX 6.69 and a two-hundred day moving average of GBX 9.30. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 72.65.

Insider Buying and Selling

In other Hummingbird Resources news, insider Stephen A. Betts purchased 500,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was purchased at an average price of GBX 6 ($0.07) per share, for a total transaction of £30,000 ($34,542.31).

Hummingbird Resources Company Profile

(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 Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

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