Hummingbird Resources (LON:HUM) Trading 10.7% Higher

Hummingbird Resources PLC (LON:HUM - Get Free Report)'s share price shot up 10.7% on Wednesday . The company traded as high as GBX 9.39 ($0.12) and last traded at GBX 8.86 ($0.11). 3,773,343 shares changed hands during trading, an increase of 119% from the average session volume of 1,723,804 shares. The stock had previously closed at GBX 8 ($0.10).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 22 ($0.28) target price on shares of Hummingbird Resources in a report on Tuesday, April 16th.

Hummingbird Resources Stock Up 12.8 %

The stock's fifty day moving average is GBX 7.99 and its two-hundred day moving average is GBX 9.17. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 95.56. The firm has a market cap of £72.10 million, a P/E ratio of -225.50 and a beta of 0.62.

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.