Hummingbird Resources (LON:HUM) Trading Down 32.9% – Here’s Why

Hummingbird Resources PLC (LON:HUM) dropped 32.9% on Monday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.31 ($0.02). Approximately 11,958,565 shares were traded during mid-day trading, an increase of 456% from the average daily volume of 2,149,654 shares. The stock had previously closed at GBX 1.95 ($0.02).

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.

Hummingbird Resources Stock Up 1.8 %

The stock has a market cap of £11.34 million, a price-to-earnings ratio of -27.56 and a beta of 0.50. The business has a fifty day moving average of GBX 5.85 and a 200 day moving average of GBX 7.69. The company has a debt-to-equity ratio of 149.07, a current ratio of 0.21 and a quick ratio of 0.45.

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.