Hummingbird Resources (LON:HUM) Reaches New 12-Month Low – Should You Sell?

Hummingbird Resources PLC (LON:HUM) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.38 ($0.02), with a volume of 10181390 shares trading hands. The stock had previously closed at GBX 1.40 ($0.02).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 17 ($0.22) price target on shares of Hummingbird Resources in a research report on Tuesday, September 17th.

Hummingbird Resources Trading Up 35.0 %

The stock has a market cap of £14.99 million, a PE ratio of -38.00 and a beta of 0.50. The firm has a 50-day moving average price of GBX 5.70 and a 200-day moving average price of GBX 7.65. The company has a debt-to-equity ratio of 149.07, a quick ratio of 0.45 and a current ratio of 0.21.

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.