Horizonte Minerals (LON:HZM) Stock Passes Above 200 Day Moving Average of $2.36

Horizonte Minerals Plc (LON:HZM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Several brokerages have issued reports on HZM. Shore Capital reiterated a “not rated” rating on shares of Horizonte Minerals in a report on Monday, July 8th. Numis Securities reiterated a “buy” rating on shares of Horizonte Minerals in a report on Tuesday, June 4th.

The company’s fifty day simple moving average is GBX 3.21 and its 200-day simple moving average is GBX 2.36. The company has a market capitalization of $62.19 million and a P/E ratio of -43.00.

Horizonte Minerals Company Profile (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.

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