Hummingbird Resources (LON:HUM) Stock Price Up 8.2%

Hummingbird Resources PLC (LON:HUMGet Free Report) shares shot up 8.2% during mid-day trading on Monday . The stock traded as high as GBX 11 ($0.14) and last traded at GBX 10.50 ($0.14). 1,458,713 shares were traded during trading, a decline of 12% from the average session volume of 1,650,270 shares. The stock had previously closed at GBX 9.70 ($0.13).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 18 ($0.23) price target on shares of Hummingbird Resources in a research report on Tuesday, July 2nd.

View Our Latest Stock Analysis on HUM

Hummingbird Resources Stock Up 8.2 %

The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 95.56. The company has a market capitalization of £83.93 million, a P/E ratio of -262.50 and a beta of 0.53. The company has a 50-day moving average of GBX 8.98 and a two-hundred day moving average of GBX 8.70.

About Hummingbird Resources

(Get Free Report)

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.

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