Hummingbird Resources (LON:HUM) Trading Up 4.8% – Here’s What Happened

Hummingbird Resources PLC (LON:HUM) shot up 4.8% during trading on Wednesday . The stock traded as high as GBX 1.89 ($0.02) and last traded at GBX 1.86 ($0.02). 1,743,343 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 2,274,836 shares. The stock had previously closed at GBX 1.78 ($0.02).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 17 ($0.22) price objective on shares of Hummingbird Resources in a research report on Tuesday, September 17th.

Hummingbird Resources Stock Down 1.2 %

The business has a fifty day moving average of GBX 4.69 and a 200 day moving average of GBX 7.27. The company has a market capitalization of £13.41 million, a PE ratio of -33.50 and a beta of 0.50. 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.