Horizonte Minerals Plc (LON:HZM)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.36 and traded as high as $4.50. Horizonte Minerals shares last traded at $4.30, with a volume of 5,394,706 shares traded.
HZM has been the subject of a number of research reports. Numis Securities restated a “buy” rating on shares of Horizonte Minerals in a research report on Tuesday, June 4th. Shore Capital reaffirmed a “not rated” rating on shares of Horizonte Minerals in a research note on Monday, July 8th.
The company has a market cap of $62.19 million and a PE ratio of -43.00. The stock’s 50 day moving average is GBX 3.21 and its 200-day moving average is GBX 2.36.
Horizonte Minerals Plc, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of nickel mineral projects in Brazil. The company owns interest in the Araguaia nickel project, a nickel laterite project located to the south of the Carajàs mineral district in northern Brazil; and the Vermelho nickel-cobalt project located in the Carajás mineral district of northern Brazil.
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