Horizonte Minerals (TSE:HZM) Trading Up 6.7%

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Horizonte Minerals Plc (TSE:HZMGet Rating)’s stock price was up 6.7% during trading on Wednesday . The company traded as high as C$1.79 and last traded at C$1.60. Approximately 92,807 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 515,145 shares. The stock had previously closed at C$1.50.

The company has a debt-to-equity ratio of 54.76, a current ratio of 18.23 and a quick ratio of 17.61. The firm has a market capitalization of C$299.03 million and a price-to-earnings ratio of -20.13. The business’s fifty day simple moving average is C$1.33 and its 200 day simple moving average is C$0.54.

About Horizonte Minerals (TSE:HZM)

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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