Hummingbird Resources (LON:HUM) Shares Pass Below 200 Day Moving Average – What’s Next?

Hummingbird Resources PLC (LON:HUM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8.19 ($0.11) and traded as low as GBX 6.45 ($0.08). Hummingbird Resources shares last traded at GBX 6.45 ($0.08), with a volume of 330,869 shares changing hands.

Analysts Set New Price Targets

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

Hummingbird Resources Price Performance

The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07. The stock has a 50 day simple moving average of GBX 7.47 and a 200-day simple moving average of GBX 8.19. The firm has a market cap of £52.26 million, a PE ratio of -129.00 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.