Hummingbird Resources (LON:HUM) Stock Price Up 37.2% – What’s Next?

Hummingbird Resources PLC (LON:HUM)’s share price rose 37.2% on Thursday . The stock traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.88 ($0.02). Approximately 3,279,381 shares were traded during trading, an increase of 48% from the average daily volume of 2,217,427 shares. The stock had previously closed at GBX 1.37 ($0.02).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 17 ($0.22) price target on shares of Hummingbird Resources in a research note on Tuesday, September 17th.

Hummingbird Resources Stock Up 38.7 %

The company’s 50 day moving average price is GBX 5.70 and its two-hundred day moving average price is GBX 7.65. 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 stock has a market cap of £15.40 million, a P/E ratio of -28.60 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.