Horizonte Minerals (LON:HZM) Stock Passes Above 200 Day Moving Average of $45.18

Horizonte Minerals Plc (LON:HZMGet Rating)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 45.18 ($0.55) and traded as high as GBX 103 ($1.26). Horizonte Minerals shares last traded at GBX 101.50 ($1.24), with a volume of 27,391 shares traded.

Horizonte Minerals Price Performance

The company has a 50 day moving average price of GBX 117.29 and a 200 day moving average price of GBX 45.18. The firm has a market cap of £193.33 million and a PE ratio of -20.71. The company has a current ratio of 18.23, a quick ratio of 17.61 and a debt-to-equity ratio of 54.76.

About Horizonte Minerals

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Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel project and Serra do Tapa nickel project located in the State of Para; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.

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