Hummingbird Resources (LON:HUM) Share Price Crosses Below Two Hundred Day Moving Average of $9.20

Hummingbird Resources PLC (LON:HUM) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 9.20 ($0.11) and traded as low as GBX 6 ($0.07). Hummingbird Resources shares last traded at GBX 6.80 ($0.08), with a volume of 4,619,641 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 22 ($0.27) price target on shares of Hummingbird Resources in a report on Tuesday.

Hummingbird Resources Price Performance

The stock has a market cap of £55.16 million, a price-to-earnings ratio of -172.50 and a beta of 0.62. The company has a debt-to-equity ratio of 95.56, a current ratio of 0.47 and a quick ratio of 0.45. The stock’s 50 day simple moving average is GBX 8.17 and its two-hundred day simple moving average is GBX 9.17.

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.