Hummingbird Resources (LON:HUM) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Hummingbird Resources PLC (LON:HUM)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7.93 ($0.10) and traded as low as GBX 1.82 ($0.02). Hummingbird Resources shares last traded at GBX 1.82 ($0.02), with a volume of 16,597,309 shares.

Analyst Upgrades and Downgrades

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

Hummingbird Resources Trading Down 13.3 %

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 company has a 50-day moving average price of GBX 6.55 and a 200-day moving average price of GBX 7.93. The company has a market capitalization of £14.75 million, a price-to-earnings ratio of -36.40 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.