Hummingbird Resources (LON:HUM) Stock Crosses Below 200-Day Moving Average of $9.20

Hummingbird Resources PLC (LON:HUM) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.20 ($0.11) and traded as low as GBX 6 ($0.07). Hummingbird Resources shares last traded at GBX 6.80 ($0.08), with a volume of 4,619,641 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 22 ($0.27) price objective on shares of Hummingbird Resources in a report on Tuesday.

Hummingbird Resources Price Performance

The company has a debt-to-equity ratio of 95.56, a quick ratio of 0.45 and a current ratio of 0.47. The stock has a market capitalization of £55.16 million, a PE ratio of -172.50 and a beta of 0.62. The company’s fifty day simple moving average is GBX 8.17 and its two-hundred day simple moving average is GBX 9.17.

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.