Hummingbird Resources (LON:HUM) Stock Passes Below 200-Day Moving Average – What’s Next?

Hummingbird Resources PLC (LON:HUM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.26 ($0.07) and traded as low as GBX 2.50 ($0.03). Hummingbird Resources shares last traded at GBX 2.62 ($0.03), with a volume of 533,787 shares changing hands.

Hummingbird Resources Stock Performance

The firm has a market capitalization of £21.33 million, a price-to-earnings ratio of -52.64 and a beta of 0.50. The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07. The stock’s 50-day moving average is GBX 2.31 and its 200-day moving average is GBX 5.21.

About Hummingbird Resources

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.