Hummingbird Resources (LON:HUM) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 18 ($0.23) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 114.29% from the company’s previous close.

Hummingbird Resources Trading Down 1.2 %

Shares of LON HUM opened at GBX 8.40 ($0.11) on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 95.56. The stock has a market capitalization of £67.15 million, a PE ratio of -210.00 and a beta of 0.53. Hummingbird Resources has a twelve month low of GBX 4.06 ($0.05) and a twelve month high of GBX 16.50 ($0.21). The stock has a fifty day simple moving average of GBX 8.93 and a 200-day simple moving average of GBX 8.83.

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.