Hummingbird Resources (LON:HUM) Stock Crosses Below 200 Day Moving Average of $9.20

Shares of Hummingbird Resources PLC (LON:HUM) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 9.20 ($0.11) and traded as low as GBX 6 ($0.07). Hummingbird Resources shares last traded at GBX 6.80 ($0.08), with a volume of 4,619,641 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 22 ($0.27) target price on shares of Hummingbird Resources in a report on Wednesday, January 31st.

Hummingbird Resources Stock Performance

The stock’s 50-day simple moving average is GBX 8.24 and its 200-day simple moving average is GBX 9.20. The stock has a market cap of £59.74 million, a price-to-earnings ratio of -170.00 and a beta of 0.62. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 95.56.

About Hummingbird Resources

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.