Hummingbird Resources (LON:HUM) Share Price Passes Below 200-Day Moving Average – Here’s Why

Hummingbird Resources PLC (LON:HUM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.09 ($0.07) and traded as low as GBX 2.55 ($0.03). Hummingbird Resources shares last traded at GBX 2.62 ($0.03), with a volume of 7,083,578 shares traded.

Wall Street Analyst Weigh In

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 report on Tuesday, September 17th.

Hummingbird Resources Stock Up 0.8 %

The company has a market capitalization of £21.23 million, a PE ratio of -52.40 and a beta of 0.50. The company has a debt-to-equity ratio of 149.07, a quick ratio of 0.45 and a current ratio of 0.21. The firm has a fifty day simple moving average of GBX 2.46 and a 200-day simple moving average of GBX 6.03.

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.