Hummingbird Resources (LON:HUM) Stock Rating Reaffirmed by Canaccord Genuity Group

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued on Tuesday, Marketbeat reports. They currently have a GBX 22 ($0.27) target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 218.84% from the stock’s previous close.

Hummingbird Resources Stock Down 1.4 %

Shares of Hummingbird Resources stock opened at GBX 6.90 ($0.09) on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 95.56. The company’s fifty day simple moving average is GBX 8.17 and its two-hundred day simple moving average is GBX 9.17. The company has a market cap of £55.16 million, a P/E ratio of -172.50 and a beta of 0.62. Hummingbird Resources has a 12-month low of GBX 4.06 ($0.05) and a 12-month high of GBX 20.50 ($0.26).

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.