Hummingbird Resources (LON:HUM) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Hummingbird Resources PLC (LON:HUM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.09 ($0.07) and traded as low as GBX 2.55 ($0.03). Hummingbird Resources shares last traded at GBX 2.62 ($0.03), with a volume of 7,083,578 shares changing hands.

Analyst Ratings Changes

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

Hummingbird Resources Stock Up 0.8 %

The stock’s 50 day simple moving average is GBX 2.54 and its two-hundred day simple moving average is GBX 6.09. The firm has a market cap of £21.23 million, a P/E ratio of -52.40 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.

Hummingbird Resources Company Profile

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.