Hummingbird Resources (LON:HUM) Trading 4.1% Higher – Time to Buy?

Hummingbird Resources PLC (LON:HUM)’s share price traded up 4.1% on Wednesday . The stock traded as high as GBX 1.99 ($0.03) and last traded at GBX 1.98 ($0.02). 2,101,005 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 2,101,143 shares. The stock had previously closed at GBX 1.90 ($0.02).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Stock Performance

The business’s 50 day simple moving average is GBX 6.14 and its two-hundred day simple moving average is GBX 7.79. The firm has a market capitalization of £15.86 million, a P/E ratio of -40.00 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.

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.