Hummingbird Resources (LON:HUM) Stock Passes Below Two Hundred Day Moving Average of $29.17

Hummingbird Resources PLC (LON:HUM)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 29.17 ($0.38) and traded as low as GBX 20.05 ($0.26). Hummingbird Resources shares last traded at GBX 20.85 ($0.27), with a volume of 694,983 shares trading hands.

Several research firms have weighed in on HUM. Berenberg Bank reiterated a “buy” rating and issued a GBX 39 ($0.51) price objective on shares of Hummingbird Resources in a research note on Tuesday, March 30th. Canaccord Genuity reissued a “buy” rating and issued a GBX 46 ($0.60) target price on shares of Hummingbird Resources in a research report on Tuesday, March 30th.

The company has a quick ratio of 0.18, a current ratio of 0.59 and a debt-to-equity ratio of 36.87. The company has a market capitalization of £74.52 million and a P/E ratio of 3.66. The company’s 50-day simple moving average is GBX 21.24 and its 200 day simple moving average is GBX 29.17.

Hummingbird Resources Company Profile (LON:HUM)

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. It primarily explores for gold ores. The company principally holds interests in the Dugbe gold project located in the Liberia; and Yanfolila gold project located in Mali.

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