Hummingbird Resources (LON:HUM) Trading Up 10.9% – Time to Buy?

Posted by Erica Schwartz on Jan 2nd, 2025

Hummingbird Resources PLC (LON:HUM – Get Free Report) rose 10.9% on Thursday . The company traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.44 ($0.03). Approximately 4,628,327 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Hummingbird Resources

Hummingbird Resources Price Performance

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 business’s fifty day simple moving average is GBX 3.01 and its 200 day simple moving average is GBX 6.34. The stock has a market cap of £19.77 million, a price-to-earnings ratio of -48.80 and a beta of 0.50.

About Hummingbird Resources

(Get Free Report)

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.