Hummingbird Resources (LON:HUM) Hits New 52-Week Low – Here’s Why

Hummingbird Resources PLC (LON:HUM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2 ($0.03) and last traded at GBX 2.15 ($0.03), with a volume of 27086012 shares changing hands. The stock had previously closed at GBX 6 ($0.08).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.21 and a debt-to-equity ratio of 149.07. The firm’s fifty day moving average price is GBX 7.31 and its 200 day moving average price is GBX 8.15. The stock has a market cap of £17.42 million, a PE ratio of -43.00 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.