Mining minerals

Horizonte Minerals (TSE:HZM) hits new 1-year low at $2.00

Shares of Horizonte Minerals Plc (TSE:HZM – Get Rating) hit a new 52-week low on Monday. The stock traded as low as C$2.00 and last traded at C$2.18, with a volume of 5,100 shares traded in hands. The stock had previously closed at C$2.10.

The company has a fifty-day simple moving average of C$0.72 and a two-hundred-day simple moving average of C$0.32. The company has a debt ratio of 54.76, a quick ratio of 17.61 and a current ratio of 18.23. The company has a market cap of C$415.11 million and a price-earnings ratio of -27.27.

About Horizonte Minerals (TSE: HZM)

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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