Hummingbird Resources (LON:HUM) Stock Price Up 37.2% – Here’s What Happened

Shares of Hummingbird Resources PLC (LON:HUM) were up 37.2% during mid-day trading on Thursday . The stock traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.88 ($0.02). Approximately 3,279,381 shares changed hands during trading, an increase of 48% from the average daily volume of 2,217,427 shares. The stock had previously closed at GBX 1.37 ($0.02).

Wall Street Analysts Forecast Growth

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

Hummingbird Resources Trading Up 38.7 %

The company has a market capitalization of £15.40 million, a PE ratio of -28.60 and a beta of 0.50. The company’s fifty day moving average is GBX 5.70 and its 200-day moving average is GBX 7.65. The company has a debt-to-equity ratio of 149.07, a current ratio of 0.21 and a quick ratio of 0.45.

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.