Hummingbird Resources (LON:HUM) Shares Pass Below 200 Day Moving Average – Should You Sell?

Hummingbird Resources PLC (LON:HUM) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4.97 ($0.06) and traded as low as GBX 2.60 ($0.03). Hummingbird Resources shares last traded at GBX 2.70 ($0.03), with a volume of 613,010 shares.

Hummingbird Resources Stock Performance

The stock has a 50-day simple moving average of GBX 2.40 and a 200 day simple moving average of GBX 4.95. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.25 and a quick ratio of 0.45. The company has a market capitalization of £57.02 million, a PE ratio of -0.57 and a beta of 0.50.

About Hummingbird Resources

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.