Hummingbird Resources (LON:HUM) Stock Rating Reaffirmed by Canaccord Genuity Group

Hummingbird Resources (LON:HUM)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 22 ($0.27) price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 218.84% from the company’s previous close.

Hummingbird Resources Stock Down 1.4 %

HUM opened at GBX 6.90 ($0.09) on Tuesday. The company has a debt-to-equity ratio of 95.56, a current ratio of 0.47 and a quick ratio of 0.45. The company’s 50-day moving average is GBX 8.17 and its 200 day moving average is GBX 9.17. Hummingbird Resources has a fifty-two week low of GBX 4.06 ($0.05) and a fifty-two week high of GBX 20.50 ($0.26). The firm has a market capitalization of £55.16 million, a P/E ratio of -172.50 and a beta of 0.62.

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.