Hummingbird Resources (LON:HUM) Trading 0.9% Higher – Still a Buy?

Hummingbird Resources PLC (LON:HUM) shares rose 0.9% during trading on Tuesday . The stock traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.65 ($0.02). Approximately 3,639,466 shares were traded during trading, an increase of 58% from the average daily volume of 2,304,446 shares. The stock had previously closed at GBX 1.64 ($0.02).

Analyst Upgrades and Downgrades

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

Hummingbird Resources Trading Up 0.8 %

The business’s 50-day moving average price is GBX 3.75 and its 200 day moving average price is GBX 6.80. The company has a debt-to-equity ratio of 149.07, a current ratio of 0.21 and a quick ratio of 0.45. The firm has a market capitalization of £18.13 million, a price-to-earnings ratio of -44.74 and a beta of 0.50.

Hummingbird Resources Company Profile

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.