Hummingbird Resources (LON:HUM) Shares Up 10.9% – Here’s Why

Posted by Patrick Bannon on Jan 4th, 2025

Hummingbird Resources PLC (LON:HUM – Get Free Report) shares were up 10.9% during mid-day trading on Thursday . The stock traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.44 ($0.03). Approximately 4,628,327 shares were traded during trading, an increase of 95% from the average daily volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analysts Set New Price Targets

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

Get Our Latest Stock Report on HUM

Hummingbird Resources Price Performance

The stock has a market cap of £20.66 million, a P/E ratio of -51.00 and a beta of 0.50. 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 firm has a 50-day moving average price of GBX 2.85 and a 200-day moving average price of GBX 6.26.

Hummingbird Resources Company Profile

(Get Free Report)

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production.

Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited.