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

Hummingbird Resources PLC (LON:HUM) shares shot up 37.2% during mid-day trading on Thursday . The company traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.88 ($0.02). 3,279,381 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 2,217,427 shares. The stock had previously closed at GBX 1.37 ($0.02).

Analysts Set New Price Targets

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

Hummingbird Resources Trading Up 0.6 %

The business has a fifty day moving average of GBX 5.39 and a 200-day moving average of GBX 7.55. The company has a debt-to-equity ratio of 149.07, a quick ratio of 0.45 and a current ratio of 0.21. The company has a market capitalization of £14.75 million, a P/E ratio of -36.80 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.