Hummingbird Resources (LON:HUM) Trading 16.2% Higher

Hummingbird Resources PLC (LON:HUM)’s share price traded up 16.2% during trading on Tuesday . The company traded as high as GBX 10.90 ($0.14) and last traded at GBX 10.71 ($0.13). 631,117 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,697,656 shares. The stock had previously closed at GBX 9.22 ($0.12).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Trading Up 13.1 %

The business’s 50-day moving average is GBX 8.02 and its two-hundred day moving average is GBX 9.15. The company has a debt-to-equity ratio of 95.56, a current ratio of 0.47 and a quick ratio of 0.45. The firm has a market cap of £83.33 million, a P/E ratio of -230.50 and a beta of 0.62.

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.