Horizonte Minerals Plc (HZM) Given New GBX 12 Price Target at FinnCap

Horizonte Minerals Plc (LON:HZM) had its price objective reduced by FinnCap from GBX 15 ($0.20) to GBX 12 ($0.16) in a research note issued to investors on Monday. FinnCap currently has a corporate rating on the stock.

Horizonte Minerals Plc (LON:HZM) traded up 6.97% on Monday, hitting GBX 2.38. 1,928,806 shares of the stock traded hands. The company’s 50 day moving average price is GBX 2.16 and its 200-day moving average price is GBX 2.15. Horizonte Minerals Plc has a 12-month low of GBX 1.40 and a 12-month high of GBX 3.00. The stock’s market capitalization is GBX 15.97 million.

About Horizonte Minerals Plc

Horizonte Minerals PLC is a United Kingdom-based nickel development company. The Company owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares.

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