Horizonte Minerals (LON:HZM) Reaches New 12-Month Low at $1.27

Shares of Horizonte Minerals Plc (LON:HZM) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 1.27 ($0.02) and last traded at GBX 1.48 ($0.02), with a volume of 14494776 shares changing hands. The stock had previously closed at GBX 3.75 ($0.05).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued an “under review” rating on shares of Horizonte Minerals in a research note on Tuesday, February 20th.

Horizonte Minerals Price Performance

The firm has a market capitalization of £3.98 million, a price-to-earnings ratio of -49.17 and a beta of 1.53. The business’s fifty day simple moving average is GBX 6.43 and its 200 day simple moving average is GBX 23.52. The company has a debt-to-equity ratio of 93.63, a current ratio of 6.62 and a quick ratio of 4.35.

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.