Hummingbird Resources (LON:HUM) Trading 10.9% Higher – Still a Buy?

Posted by Faye Duncan on Jan 4th, 2025

Hummingbird Resources PLC (LON:HUM – Get Free Report) shares were up 10.9% during mid-day 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 mid-day 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).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued 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.

View Our Latest Stock Analysis on HUM

Hummingbird Resources Trading Up 4.5 %

The company has a market capitalization of £20.66 million, a price-to-earnings ratio of -51.00 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. The business’s 50 day moving average price is GBX 2.85 and its two-hundred day moving average price is GBX 6.26.

Hummingbird Resources Company Profile

(Get Free Report)

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.