Hummingbird Resources (LON:HUM) Shares Down 32.9% – Should You Sell?

Hummingbird Resources PLC (LON:HUM)’s share price fell 32.9% during mid-day trading on Monday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.31 ($0.02). 11,958,565 shares traded hands during mid-day trading, an increase of 456% from the average session volume of 2,149,654 shares. The stock had previously closed at GBX 1.95 ($0.02).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Trading Up 1.8 %

The firm has a market cap of £11.34 million, a P/E ratio of -27.56 and a beta of 0.50. The company’s 50 day moving average is GBX 5.85 and its two-hundred day moving average is GBX 7.69. The company has a debt-to-equity ratio of 149.07, a current ratio of 0.21 and a quick ratio of 0.45.

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.