Hummingbird Resources (LON:HUM) Trading 8.8% Higher – Still a Buy?

Hummingbird Resources PLC (LON:HUM) shot up 8.8% during mid-day trading on Tuesday . The stock traded as high as GBX 6.20 ($0.08) and last traded at GBX 6.20 ($0.08). 4,394,508 shares traded hands during mid-day trading, an increase of 143% from the average session volume of 1,809,736 shares. The stock had previously closed at GBX 5.70 ($0.07).

Analysts Set New Price Targets

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

Hummingbird Resources Stock Up 0.8 %

The stock has a market capitalization of £50.63 million, a P/E ratio of -124.00 and a beta of 0.50. The company has a debt-to-equity ratio of 149.07, a current ratio of 0.21 and a quick ratio of 0.45. The stock has a fifty day moving average price of GBX 7.54 and a 200 day moving average price of GBX 8.23.

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.