Horizonte Minerals (LON:HZM) Shares Pass Above 200 Day Moving Average of $136.17

Shares of Horizonte Minerals Plc (LON:HZMGet Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 136.17 ($1.69) and traded as high as GBX 141 ($1.75). Horizonte Minerals shares last traded at GBX 140.50 ($1.75), with a volume of 132,866 shares traded.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 200 ($2.49) price target on shares of Horizonte Minerals in a research report on Thursday, February 9th.

Horizonte Minerals Stock Performance

The company has a debt-to-equity ratio of 59.55, a current ratio of 7.34 and a quick ratio of 4.35. The firm has a market cap of £372.26 million, a price-to-earnings ratio of -7,025.00 and a beta of 1.76. The company has a fifty day moving average price of GBX 141.38 and a two-hundred day moving average price of GBX 136.17.

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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