Hummingbird Resources (LON:HUM) Stock Price Up 8.2%

Shares of Hummingbird Resources PLC (LON:HUM) rose 8.2% during trading on Monday . The company traded as high as GBX 11 ($0.14) and last traded at GBX 10.50 ($0.14). Approximately 1,458,713 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 1,650,270 shares. The stock had previously closed at GBX 9.70 ($0.13).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 18 ($0.23) price target on shares of Hummingbird Resources in a research note on Tuesday, July 2nd.

Hummingbird Resources Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 95.56. The stock has a market cap of £83.93 million, a price-to-earnings ratio of -262.50 and a beta of 0.53. The company has a 50 day simple moving average of GBX 8.98 and a 200 day simple moving average of GBX 8.70.

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.