Horizonte Minerals (TSE:HZM) Trading Down 25%

Horizonte Minerals Plc (TSE:HZM) shares were down 25% on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06, approximately 360,000 shares were traded during trading. An increase of 135% from the average daily volume of 153,398 shares. The stock had previously closed at C$0.08.

The company’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.05. The company has a market capitalization of $108.48 million and a price-to-earnings ratio of -37.50.

About Horizonte Minerals (TSE:HZM)

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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