Hummingbird Resources (LON:HUM) Hits New 1-Year Low – Should You Sell?

Shares of Hummingbird Resources PLC (LON:HUM) reached a new 52-week low on Thursday . The company traded as low as GBX 2 ($0.03) and last traded at GBX 2.15 ($0.03), with a volume of 27086012 shares changing hands. The stock had previously closed at GBX 6 ($0.08).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated 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 stock has a market capitalization of £17.42 million, a PE ratio of -43.00 and a beta of 0.50. 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 firm’s 50-day moving average price is GBX 7.31 and its 200-day moving average price is GBX 8.15.

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.