Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Hummingbird Resources (LON:HUM)

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 17 ($0.22) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 71.72% from the company’s previous close.

Hummingbird Resources Price Performance

Shares of LON HUM opened at GBX 9.90 ($0.13) on Tuesday. The stock has a market cap of £80.22 million, a price-to-earnings ratio of -330.00 and a beta of 0.50. Hummingbird Resources has a 52 week low of GBX 4.06 ($0.05) and a 52 week high of GBX 14 ($0.18). The company’s 50-day moving average price is GBX 8.33 and its 200 day moving average price is GBX 8.45. The company has a current ratio of 0.25, a quick ratio of 0.45 and a debt-to-equity ratio of 149.92.

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.