Hummingbird Resources (LON:HUM) Earns Speculative Buy Rating from Canaccord Genuity Group

Hummingbird Resources (LON:HUM - Get Free Report)'s stock had its "speculative buy" rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 22 ($0.27) price objective on the stock. Canaccord Genuity Group's price target indicates a potential upside of 214.29% from the company's current price.

Hummingbird Resources Stock Up 2.9 %

LON HUM traded up GBX 0.20 ($0.00) during trading hours on Tuesday, reaching GBX 7 ($0.09). 4,364,804 shares of the company traded hands, compared to its average volume of 1,759,640. Hummingbird Resources has a 12 month low of GBX 4.06 ($0.05) and a 12 month high of GBX 20.50 ($0.26). 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 stock has a market capitalization of £55.96 million, a PE ratio of -175.00 and a beta of 0.62. The company has a 50 day moving average of GBX 8.20 and a two-hundred day moving average of GBX 9.19.

Hummingbird Resources Company Profile

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.