Hummingbird Resources (LON:HUM) Trading Up 10.9% – What’s Next?

Posted by Teresa Graham on Jan 2nd, 2025

Hummingbird Resources PLC (LON:HUM – Get Free Report) shares were up 10.9% during mid-day trading on Thursday . The stock traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.44 ($0.03). Approximately 4,628,327 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 2,377,425 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 17 ($0.21) price target on shares of Hummingbird Resources in a research note on Tuesday, September 17th.

Read Our Latest Research Report on HUM

Hummingbird Resources Trading Up 10.9 %

The company has a market cap of £19.77 million, a P/E ratio of -48.80 and a beta of 0.50. The firm’s 50-day moving average price is GBX 3.01 and its 200-day moving average price is GBX 6.34. The company has a quick ratio of 0.45, a current ratio of 0.21 and a debt-to-equity ratio of 149.07.

Hummingbird Resources Company Profile

(Get Free Report)

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production.

Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited.