Hummingbird Resources (LON:HUM) Stock Price Down 3.8%

Shares of Hummingbird Resources PLC (LON:HUM) dropped 3.8% on Tuesday . The company traded as low as GBX 7.50 ($0.10) and last traded at GBX 7.55 ($0.10). Approximately 749,477 shares traded hands during trading, a decline of 58% from the average daily volume of 1,798,227 shares. The stock had previously closed at GBX 7.85 ($0.10).

Wall Street Analyst Weigh In

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 report on Friday, August 9th.

Hummingbird Resources Stock Performance

The firm has a market cap of £59.95 million, a price-to-earnings ratio of -251.67 and a beta of 0.42. The stock’s fifty day moving average is GBX 8.44 and its two-hundred day moving average is GBX 8.48. The company has a debt-to-equity ratio of 149.92, a quick ratio of 0.45 and a current ratio of 0.25.

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.