Hummingbird Resources (LON:HUM) Stock Price Up 4.1% – Still a Buy?

Hummingbird Resources PLC (LON:HUM)’s share price rose 4.1% on Wednesday . The stock traded as high as GBX 1.99 ($0.03) and last traded at GBX 1.98 ($0.03). Approximately 2,101,005 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 2,101,143 shares. The stock had previously closed at GBX 1.90 ($0.02).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Price Performance

The company has a debt-to-equity ratio of 149.07, a quick ratio of 0.45 and a current ratio of 0.21. The company has a market cap of £16.03 million, a PE ratio of -38.00 and a beta of 0.50. The company’s 50-day simple moving average is GBX 6.41 and its 200 day simple moving average is GBX 7.88.

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.