Hummingbird Resources (LON:HUM) Trading 5.7% Higher

Shares of Hummingbird Resources PLC (LON:HUM) shot up 5.7% on Wednesday . The company traded as high as GBX 8.20 ($0.10) and last traded at GBX 8.19 ($0.10). 1,034,324 shares changed hands during trading, a decline of 39% from the average session volume of 1,693,649 shares. The stock had previously closed at GBX 7.75 ($0.10).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Stock Performance

The firm has a market cap of £69.55 million, a price-to-earnings ratio of -193.75 and a beta of 0.53. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 95.56. The stock’s 50 day moving average is GBX 8.78 and its 200 day moving average is GBX 8.60.

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.