Horizonte Minerals Plc (LON:HZM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.87 and traded as high as $4.34. Horizonte Minerals shares last traded at $4.05, with a volume of 3,615,652 shares.
Separately, Numis Securities reaffirmed a “buy” rating on shares of Horizonte Minerals in a report on Friday, September 20th.
The business has a fifty day simple moving average of GBX 4.27 and a 200 day simple moving average of GBX 2.88. The company has a market cap of $59.30 million and a P/E ratio of -40.50.
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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