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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-Wall Street dragged down by Amazon, tech weakness

Mon, 02nd Apr 2018 15:30

* 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(Updates to open)

By Sruthi Shankar

April 2 (Reuters) - A dreadful week for technology stocksworsened on Monday as Amazon and Tesla shares fell further,setting a grim tone for markets already worried about China'sdecision to raise import tariffs on U.S. products.

Amazon dropped as much as 3 percent after PresidentDonald Trump launched his latest attack over the pricing of theworld's biggest online retailer's deliveries through the U.S.postal system and promised unspecified changes.

The stock was the biggest drag on the S&P 500 and theNasdaq and weighed the most on the S&P consumerdiscretionary index, which fell 1.32 percent.

The Facebook data scandal, self-driving car crashes andTrump's intervention against Amazon pushed the S&P technologysector to post its worst monthly losses in nearly twoyears in March.

Facebook was down 1.7 percent on Monday, while theother FANG constituents like Netflix, Google-parentAlphabet were down between 2 percent and 3 percent.

Tesla shares shed more than 5 percent ahead of theelectric car maker's announcement of quarterly productionnumbers for its crucial Model 3 sedan.

China, late on Sunday, said it would increase tariffs by upto 25 percent on 128 U.S. products, escalating a spat betweenthe world's biggest economies. The move came in response to U.S.duties on imports of aluminum and steel.

"That's going to start stoking fears of trade wars andprotectionism. The market doesn't really like that," said AndreBakhos, managing director at New Vines Capital LLC inBernardsville, New Jersey.

"And if it escalates, the questions could be on if China isgoing to buy our bonds. We have speculation out there, but itcould be some profit taking and some risk-off mentality for themoment."

Trump is separately preparing to impose tariffs of more than$50 billion targeting "largely high-technology" Chineseproducts.

At 9:56 a.m. ET, the Dow Jones Industrial Average wasdown 46.7 points, or 0.19 percent, at 24,056.41.

The S&P 500 was down 17.81 points, or 0.67 percent,at 2,623.06 and the Nasdaq Composite was down 83.60points, or 1.18 percent, at 6,979.84.

Ten of the 11 major S&P sectors were lower, with onlyutilities gaining.

Facebook was down as the data scandal last month continuedto weigh. On Monday, brokerage Pivotal Research slashed itsprice target, citing a faster-than-expected deceleration in thesocial media company's revenue growth.

Humana jumped about 7 percent after a report thatWalmart was in early-stage talks with the health insurerabout developing closer ties, with acquisition discussed as onepossibility. Walmart fell more than 2 percent.

Declining issues outnumbered advancers on the NYSE for a1.78-to-1 ratio and for a 2.03-to-1 ratio on the Nasdaq.(Reporting by Sruthi Shankar in Bengaluru; Editing by SrirajKalluvila)

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4 Jun 2024 16:41

EARNINGS AND TRADING: Hummingbird loss narrows as revenue climbs

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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23 May 2024 18:37

TRADING UPDATES: Ixico wins deal; United Oil & Gas settles debt

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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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25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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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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28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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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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31 Jan 2024 18:28

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25 Jan 2024 20:09

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24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

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10 Jan 2024 14:24

Hummingbird Resources raises a further GBP270,000 through open offer

(Alliance News) - Hummingbird Resources PLC on Wednesday said it has raised GBP270,000 through an open offer.

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