Hummingbird Resources (LON:HUM) Hits New 52-Week Low at $17.00

Hummingbird Resources PLC (LON:HUM)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 17 ($0.22) and last traded at GBX 17.40 ($0.23), with a volume of 918582 shares changing hands. The stock had previously closed at GBX 17.30 ($0.23).

HUM has been the subject of several recent analyst reports. Canaccord Genuity restated a “buy” rating and set a GBX 35 ($0.46) target price on shares of Hummingbird Resources in a research note on Friday, August 20th. Berenberg Bank reiterated a “hold” rating and issued a GBX 24 ($0.31) price target on shares of Hummingbird Resources in a research note on Friday, August 20th.

The firm has a market capitalization of £68.33 million and a price-to-earnings ratio of -21.63. The stock has a 50 day moving average of GBX 19.68 and a 200 day moving average of GBX 20.68. The company has a quick ratio of 0.29, a current ratio of 0.56 and a debt-to-equity ratio of 29.94.

About Hummingbird Resources (LON:HUM)

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 principally holds interests in the Yanfolila gold mine located in southern Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

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