Hummingbird Resources (LON:HUM) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Hummingbird Resources PLC (LON:HUM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7.93 ($0.10) and traded as low as GBX 1.82 ($0.02). Hummingbird Resources shares last traded at GBX 1.82 ($0.02), with a volume of 16,597,309 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 17 ($0.21) price target on shares of Hummingbird Resources in a report on Tuesday, September 17th.

Hummingbird Resources Trading Down 13.3 %

The firm has a market capitalization of £14.75 million, a price-to-earnings ratio of -36.40 and a beta of 0.50. The company has a fifty day moving average price of GBX 6.55 and a 200-day moving average price of GBX 7.93. The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07.

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.