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Pin to quick picksHummingbird Resources Share News (HUM)

Share Price Information for Hummingbird Resources (HUM)

London Stock Exchange
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Share Price: 8.60
Bid: 8.20
Ask: 9.00
Change: -0.10 (-1.15%)
Spread: 0.80 (9.756%)
Open: 8.70
High: 8.70
Low: 8.15
Prev. Close: 8.70
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US STOCKS-Tech stocks drag Nasdaq into losses for the year

Mon, 02nd Apr 2018 17:03

* Tesla drops after saying crashed car was on autopilot

* Humana up after report Walmart discussing tie-up,acquisition

* Amazon falls after Trump again targets the online giant

* Indexes down: Dow 0.19 pct, S&P 0.67 pct, Nasdaq 1.18 pct(Changes comment, adds details, updates prices)

By Sruthi Shankar

April 2 (Reuters) - Shares in U.S. technology majors sankagain on Monday, wiping out the tech-heavy Nasdaq index's gainsfor the year and sending the benchmark S&P 500 below a closelywatched technical level for the first time in nearly two months.

All the 11 major S&P sectors were lower, with stocks alsocoming under pressure over renewed fears of a trade war afterChina imposed additional tariffs on 128 U.S. products.

Amazon dropped nearly 5 percent after PresidentDonald Trump launched his latest attack over the pricing of theretailer's deliveries through the U.S. postal system andpromised unspecified changes.

Facebook was down 2.6 percent, while the other 'FANG'constituents Netflix, Google-parent Alphabetwere down between 2.5 percent and 4.4 percent. The technologyindex was down 2.7 percent.

Tesla shares shed about 7 percent ahead of theelectric car maker's announcement of quarterly productionnumbers for its crucial Model 3 sedan.

"There's also a kind of negative tone over the market, theS&P is getting crushed," said Ken Polcari, Director of the NYSEfloor division at O'Neil Securities in New York.

"Tesla is a high-flying growth name and growth names aregetting slaughtered in the past month or so. "Makes sense thatthose names will be under more pressure than the broadermarkets."

At 11:50 a.m. EDT the Dow Jones industrial averagewas down 449.49 points, or 1.86 percent, at 23,653.62.

The S&P 500 was down 57.28 points, or 2.17 percent,at 2,583.59, falling below its 200-day moving average for thefirst time since during a market sell-off in early February.

The Nasdaq Composite was down 189.51 points, or 2.68percent, at 6,873.94. The index was down 0.37 percent for theyear.

"What you're seeing in the market is a change in leadership,it happened at the end of last month where you had tech startingto do not so well," said Thomas Martin, senior portfolio managerat Globalt Investments in Atlanta, Georgia.

"...That's happening again today as market participants arethinking, 'Is this the change in leadership and what should wedo about it?'"

Among the few bright spots, Humana jumped about 5.3percent Reuters reported Walmart was in early-stagetalks with the health insurer about developing closer ties, withacquisition discussed as one possibility.

Walmart fell more than 2 percent. UnitedHealthjumped 2.4 percent, one of only two Dow Industrials tradinghigher in the session.

Declining issues outnumbered advancers on the NYSE by a4.03-to-1 ratio. On the Nasdaq, a 4.17-to-1 ratio favoreddecliners.

The S&P 500 index showed two new 52-week highs and 20 newlows, while the Nasdaq recorded 36 new highs and 120 new lows.(Reporting by Sruthi Shankar in Bengaluru; Editing by SrirajKalluvila)

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17 May 2024 15:54

Hummingbird announces restart at Kouroussa

(Sharecast News) - Hummingbird Resources announced the remobilization of Corica Mining Services at the Kouroussa Gold Mine in Guinea on Friday, after a work stoppage on March 17.

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17 May 2024 11:44

Hummingbird shares up as contractor resumes activity at Kouroussa mine

(Alliance News) - Shares in Hummingbird Resources PLC rose on Friday, after the company said operations had resumed at its Guinea gold mine following a two-month strike by its primary contractor.

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17 Apr 2024 14:11

IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says continued to engage with Ivory Coast-based Corica Mining Services, which had suspended mining activities on March 17, citing contractual disputes. Back then, Corica cited claims regarding unpaid invoices to Hummingbird totaling about USD27 million for work completed at Kouroussa mine in Guinea, which Hummingbird rejected. Hummingbird on Tuesday said it issued a step-in notice which allows it to take management control and issue instructions to Corica. Meanwhile, the discussions about Kouroussa, which Hummingbird calls constructive, have the aim to ramp up operations under the existing mining contract between the two companies. Hummingbird says it is progressing with the restart and ramp up of mining activities at the mine. Further, it notes that operations at the mine have continued with the processing plant operating at the expected levels with mining via an existing support mining fleet.

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8 Apr 2024 15:40

Mali expects 14% drop in industrial gold production, mines ministry says

BAMAKO, April 8 (Reuters) - Mali's industrial gold output is expected to drop by about 14% this year to 53.7 metric tons, mines ministry data showed on Monday.

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20 Mar 2024 16:37

UPDATE: Hummingbird hits back at Corica over Kouroussa pact dispute

(Alliance News) - Hummingbird Resources PLC on Wednesday refuted claims of a contract breach from Corica Mining Services, regarding the suspension of services at the Kouroussa gold mine.

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20 Mar 2024 12:25

Hummingbird shares plunge as Corica fires back in contract dispute

(Alliance News) - Corica Mining Services on Wednesday accused Hummingbird Resources PLC of "substantial breaches" of contract, including failure to pay for its work at the Kouroussa gold mine.

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18 Mar 2024 11:50

IN BRIEF: Hummingbird shares plummet amid Kouroussa contract dispute

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says the principal contract miner at its Kouroussa gold mine in Guinea has suspended mining operations due to "various contractual disputes". Hummingbird calls the action by Corica Mining Services "a clear breach of the mining contract", and alleges that Corica "has failed to meet mining contract volumes due to delays in mining equipment mobilisation, commissioning, and overall operating performance". Hummingbird has issued a notice to Corica, demanding that it resumes mining by Tuesday. Should it fail to do so, the company says it may step in to resume mining operations in its place, or work with alternative contractors and equipment suppliers.

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