Hummingbird Resources (LON:HUM) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Hummingbird Resources PLC (LON:HUM)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7.93 ($0.10) and traded as low as GBX 1.82 ($0.02). Hummingbird Resources shares last traded at GBX 1.82 ($0.02), with a volume of 16,597,309 shares trading hands.

Wall Street Analyst Weigh In

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

Hummingbird Resources Trading Down 13.3 %

The firm has a 50-day moving average of GBX 6.55 and a two-hundred day moving average of GBX 7.93. The firm has a market capitalization of £14.75 million, a P/E ratio of -36.40 and a beta of 0.50. The company has a current ratio of 0.21, a quick ratio of 0.45 and a debt-to-equity ratio of 149.07.

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.