Hummingbird Resources (LON:HUM) Hits New 1-Year Low – Here’s What Happened

Shares of Hummingbird Resources PLC (LON:HUM) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.38 ($0.02), with a volume of 10181390 shares traded. The stock had previously closed at GBX 1.40 ($0.02).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 17 ($0.21) target price on shares of Hummingbird Resources in a research note 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 company has a 50 day simple moving average of GBX 5.85 and a 200 day simple moving average of GBX 7.69. The stock has a market cap of £11.17 million, a P/E ratio of -27.56 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.