Hummingbird Resources (LON:HUM) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Hummingbird Resources PLC (LON:HUM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7 ($0.09) and traded as low as GBX 1.60 ($0.02). Hummingbird Resources shares last traded at GBX 1.65 ($0.02), with a volume of 2,613,144 shares changing hands.

Analysts Set New Price Targets

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

Hummingbird Resources Stock Performance

The stock’s fifty day moving average price is GBX 4.03 and its two-hundred day moving average price is GBX 6.94. 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 £13.37 million, a P/E ratio of -33.00 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.