Hummingbird Resources First Half 2024 Earnings: US$0.033 loss per share (vs US$0.007 loss in 1H 2023)

Hummingbird Resources (LON:HUM) First Half 2024 Results

Key Financial Results

• Revenue: US$65.1m (down 37% from 1H 2023).
• Net loss: US$25.7m (loss widened by US$21.8m from 1H 2023).
• US$0.033 loss per share (further deteriorated from US$0.007 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hummingbird Resources Earnings Insights

Looking ahead, revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Hummingbird Resources (1 is a bit unpleasant!) that you should be aware of before investing here.

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