Hummingbird Resources PLC (OTCMKTS:HUMRF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,000 shares, a decrease of 79.3% from the March 15th total of 24,100 shares. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 0.4 days.
Separately, Berenberg Bank cut Hummingbird Resources from a “buy” rating to a “hold” rating in a report on Wednesday, April 7th.
Shares of HUMRF traded down $0.03 during mid-day trading on Tuesday, reaching $0.29. The company had a trading volume of 10,957 shares, compared to its average volume of 15,997. Hummingbird Resources has a twelve month low of $0.26 and a twelve month high of $0.55. The company’s 50-day moving average is $0.31 and its 200-day moving average is $0.40.
Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. It primarily explores for gold ores. The company principally holds interests in the Dugbe gold project located in the Liberia; and Yanfolila gold project located in Mali.
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