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

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They presently have a GBX 18 ($0.23) target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 114.29% from the company’s previous close.

Hummingbird Resources Stock Down 1.2 %

Shares of LON HUM opened at GBX 8.40 ($0.11) on Tuesday. Hummingbird Resources has a 52-week low of GBX 4.06 ($0.05) and a 52-week high of GBX 16.50 ($0.21). The firm has a market capitalization of £67.15 million, a price-to-earnings ratio of -210.00 and a beta of 0.53. The stock has a 50 day moving average price of GBX 8.93 and a 200 day moving average price of GBX 8.83. The company has a debt-to-equity ratio of 95.56, a quick ratio of 0.45 and a current ratio of 0.47.

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.