Hummingbird Resources (LON:HUM) Stock Price Up 4.1% – Still a Buy?

Hummingbird Resources PLC (LON:HUM) shot up 4.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1.99 ($0.03) and last traded at GBX 1.98 ($0.03). 2,101,005 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 2,101,143 shares. The stock had previously closed at GBX 1.90 ($0.02).

Analyst Upgrades and Downgrades

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

Hummingbird Resources Stock Up 4.1 %

The business’s fifty day moving average price is GBX 6.41 and its 200 day moving average price is GBX 7.88. 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 firm has a market capitalization of £16.03 million, a PE ratio of -38.00 and a beta of 0.50.

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.