Hummingbird Resources (LON:HUM) Share Price Crosses Above 200-Day Moving Average of $30.74

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Hummingbird Resources Ltd (LON:HUM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.74 and traded as high as $39.00. Hummingbird Resources shares last traded at $38.00, with a volume of 1,617,915 shares trading hands.

A number of analysts recently issued reports on the company. Canaccord Genuity boosted their price target on Hummingbird Resources from GBX 52 ($0.68) to GBX 55 ($0.72) and gave the company a “buy” rating in a report on Monday, August 10th. Berenberg Bank boosted their price target on Hummingbird Resources from GBX 44 ($0.57) to GBX 50 ($0.65) and gave the company a “buy” rating in a report on Wednesday, August 5th.

The business has a fifty day simple moving average of GBX 36.23 and a two-hundred day simple moving average of GBX 30.80. The company has a debt-to-equity ratio of 36.87, a current ratio of 0.59 and a quick ratio of 0.18. The company has a market cap of $134.04 million and a PE ratio of 4.81.

Hummingbird Resources Company Profile (LON:HUM)

Hummingbird Resources plc engages in the exploration, evaluation, and development of mineral exploration properties in West Africa. It primarily explores for gold ores. The company primarily holds interests in the Dugbe 1 project located in the Liberia; and Yanfolila gold project located in Mali. The company was founded in 2005 and is Headquartered in West Midlands, the United Kingdom.

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