Hummingbird Resources (LON:HUM) Shares Up 10.9% – Here’s Why

Hummingbird Resources PLC (LON:HUM)’s share price was up 10.9% during trading on Thursday . The stock traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.44 ($0.03). Approximately 4,628,327 shares were traded during trading, an increase of 95% from the average daily volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analyst Ratings Changes

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

Hummingbird Resources Trading Up 10.9 %

The company has a quick ratio of 0.45, a current ratio of 0.21 and a debt-to-equity ratio of 149.07. The firm has a market capitalization of £19.77 million, a P/E ratio of -48.80 and a beta of 0.50. The firm’s 50-day simple moving average is GBX 2.93 and its 200-day simple moving average is GBX 6.30.

Hummingbird Resources Company Profile

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production.

Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited.