Hummingbird Resources (LON:HUM) Reaches New 12-Month Low – What’s Next?

Hummingbird Resources PLC (LON:HUM) reached a new 52-week low on Tuesday . The stock traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.38 ($0.02), with a volume of 10181390 shares traded. The stock had previously closed at GBX 1.40 ($0.02).

Analyst Upgrades and Downgrades

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

Hummingbird Resources Price Performance

The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07. The business’s 50 day moving average price is GBX 5.70 and its two-hundred day moving average price is GBX 7.65. The stock has a market cap of £14.99 million, a P/E ratio of -38.00 and a beta of 0.50.

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.