Hummingbird Resources (LON:HUM) Stock Price Down 7%

Hummingbird Resources PLC (LON:HUM) shares were down 7% on Thursday . The stock traded as low as GBX 8 ($0.10) and last traded at GBX 8.42 ($0.11). Approximately 3,330,990 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 1,707,411 shares. The stock had previously closed at GBX 9.05 ($0.11).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 18 ($0.23) price objective on shares of Hummingbird Resources in a report on Friday, May 17th.

Hummingbird Resources Stock Performance

The business has a 50-day moving average of GBX 8.91 and a two-hundred day moving average of GBX 8.85. 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 company has a market cap of £67.95 million, a P/E ratio of -212.50 and a beta of 0.53.

Hummingbird Resources Company Profile

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.