Mining minerals

Horizonte Minerals (LON:HZM) stock crosses above the 200-day moving average of $39.84

Shares of Horizonte Minerals Plc (LON:HZM – Get Rating) rose above its 200-day moving average during Wednesday’s trading. The stock has a 200-day moving average of 39.84 GBX ($0.48) and trades up to 115 GBX ($1.39). Shares of Horizonte Minerals last traded at GBX 113 ($1.36), with volume at 47,153 shares.

Horizonte Minerals Stock Performance

The company has a debt ratio of 54.76, a current ratio of 18.23 and a quick ratio of 17.61. The company’s fifty day simple moving average is 101.34 GBX and its two hundred day simple moving average is 39.84 GBX. The stock has a market capitalization of £215.17 million and a price-earnings ratio of -23.06.

About Horizonte Minerals

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Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mining projects in Brazil. The company mainly explores nickel deposits, as well as cobalt deposits. It holds a 100% interest in the Araguaia ferronickel project and the 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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