Horizonte Minerals (LON:HZM) Shares Pass Above 200-Day Moving Average of $2.36

Share on StockTwits

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.

About Horizonte Minerals (LON:HZM)

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.

Read More: How to invest in a bear market

Receive News & Ratings for Horizonte Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizonte Minerals and related companies with MarketBeat.com's FREE daily email newsletter.