Hummingbird Resources (LON:HUM) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Hummingbird Resources PLC (LON:HUM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.12 ($0.05) and traded as low as GBX 2.58 ($0.03). Hummingbird Resources shares last traded at GBX 2.64 ($0.03), with a volume of 548,577 shares trading hands.

Hummingbird Resources Trading Down 4.1 %

The company has a market cap of £55.67 million, a P/E ratio of -0.55 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.25 and a debt-to-equity ratio of 226.73. The business has a 50-day moving average price of GBX 2.62 and a two-hundred day moving average price of GBX 4.08.

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.