Canaccord Genuity Group Reaffirms “Under Review” Rating for Horizonte Minerals (LON:HZM)

Canaccord Genuity Group reiterated their under review rating on shares of Horizonte Minerals (LON:HZM) in a research report report published on Monday, Marketbeat reports.

Horizonte Minerals Price Performance

HZM opened at GBX 0.40 ($0.00) on Monday. The business’s 50-day moving average is GBX 3.93 and its two-hundred day moving average is GBX 10.12. Horizonte Minerals has a 1 year low of GBX 0.30 ($0.00) and a 1 year high of GBX 172 ($2.14). The company has a debt-to-equity ratio of 93.63, a current ratio of 6.62 and a quick ratio of 4.35. The firm has a market capitalization of £1.08 million, a PE ratio of -13.33 and a beta of 1.53.

About Horizonte Minerals

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; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.