Hummingbird Resources (LON:HUM) Stock Price Up 37.2% – What’s Next?

Hummingbird Resources PLC (LON:HUM)’s share price was up 37.2% during mid-day trading on Thursday . The stock traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.88 ($0.02). Approximately 3,279,381 shares were traded during trading, an increase of 48% from the average daily volume of 2,217,427 shares. The stock had previously closed at GBX 1.37 ($0.02).

Analyst Ratings Changes

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

Hummingbird Resources Trading Up 0.6 %

The stock has a market capitalization of £14.75 million, a PE ratio of -36.80 and a beta of 0.50. The firm has a 50-day moving average price of GBX 5.39 and a 200-day moving average price of GBX 7.55. The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07.

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.