Horizonte Minerals (LON:HZM) Stock Price Down 21.5%

Shares of Horizonte Minerals Plc (LON:HZM) were down 21.5% during trading on Wednesday . The stock traded as low as GBX 0.25 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 3,912,205 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 3,828,962 shares. The stock had previously closed at GBX 0.41 ($0.01).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated an “under review” rating on shares of Horizonte Minerals in a research note on Monday, April 15th.

Horizonte Minerals Price Performance

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 company’s 50 day moving average is GBX 2.53 and its 200 day moving average is GBX 8.68. The stock has a market cap of £868,691.60, a price-to-earnings ratio of -13.67 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.