Hummingbird Resources (LON:HUM) Shares Up 4.5% – Here’s What Happened

Hummingbird Resources PLC (LON:HUM)’s share price traded up 4.5% during trading on Thursday . The stock traded as high as GBX 2.30 ($0.03) and last traded at GBX 2.30 ($0.03). 1,471,591 shares were traded during mid-day trading, a decline of 38% from the average session volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 17 ($0.21) target price on shares of Hummingbird Resources in a research note on Tuesday, September 17th.

Hummingbird Resources Stock Up 4.5 %

The stock has a fifty day moving average price of GBX 2.85 and a two-hundred day moving average price of GBX 6.26. The company has a market cap of £20.66 million, a price-to-earnings ratio of -51.00 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.21 and a debt-to-equity ratio of 149.07.

About Hummingbird Resources

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production.

Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited.