Hummingbird Resources (LON:HUM) Stock Rating Reaffirmed by Canaccord Genuity Group

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Tuesday, Marketbeat reports. They presently have a GBX 18 ($0.23) target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 115.57% from the stock’s current price.

Hummingbird Resources Stock Performance

LON:HUM opened at GBX 8.35 ($0.11) on Tuesday. The company has a fifty day simple moving average of GBX 8.97 and a two-hundred day simple moving average of GBX 8.81. The company has a market cap of £66.75 million, a price-to-earnings ratio of -208.75 and a beta of 0.53. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 95.56. Hummingbird Resources has a 52 week low of GBX 4.06 ($0.05) and a 52 week high of GBX 16.50 ($0.21).

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.