A Reversal for Horizonte Minerals Plc Is Not Near. The Stock Declines Again

 A Reversal for Horizonte Minerals Plc Is Not Near. The Stock Declines Again

The stock of Horizonte Minerals Plc (LON:HZM) is a huge mover today! The stock decreased 1.73% or GBX 0.04 on November 10, hitting GBX 1.99. About 1.94 million shares traded hands or 183.10% up from the average. Horizonte Minerals Plc (LON:HZM) has declined 30.97% since April 13, 2016 and is downtrending. It has underperformed by 36.62% the S&P500.
The move comes after 5 months negative chart setup for the GBX 14.37M company. It was reported on Nov, 10 by Barchart.com. We have GBX 1.77 PT which if reached, will make LON:HZM worth GBX 1.58 million less.

Horizonte Minerals Plc (LON:HZM) Ratings Coverage

Out of 2 analysts covering Horizonte Minerals PLC (LON:HZM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Horizonte Minerals PLC has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Horizonte Minerals Plc (LON:HZM) has “Corporate” rating given on Tuesday, December 1 by FinnCap. The rating was maintained by Beaufort Securities on Tuesday, September 15 with “Speculative Buy”. The rating was maintained by Beaufort Securities on Wednesday, February 10 with “Speculative Buy”. The rating was maintained by Beaufort Securities with “Speculative Buy” on Thursday, May 12. The firm earned “Speculative Buy” rating on Wednesday, March 16 by Beaufort Securities. FinnCap maintained Horizonte Minerals Plc (LON:HZM) on Monday, October 3 with “Corporate” rating. The stock has “Corporate” rating given by FinnCap on Friday, August 14. The stock of Horizonte Minerals Plc (LON:HZM) earned “Corporate” rating by FinnCap on Monday, March 21. The firm has “Corporate” rating by FinnCap given on Thursday, September 15. The stock of Horizonte Minerals Plc (LON:HZM) earned “Corporate” rating by FinnCap on Monday, September 28.

More news for Horizonte Minerals Plc (LON:HZM) were recently published by: Fool.Co.Uk, which released: “Are Horizonte Minerals Plc, Mytrah Energy Ltd And Lamprell Plc A ‘Buy …” on August 14, 2015. Stockhouse.com‘s article titled: “Horizonte Minerals Plc: Proposed Placing of Ordinary Shares to Raise £9.0 …” and published on November 01, 2016 is yet another important article.

Horizonte Minerals PLC is a United Kingdom nickel development company. The company has a market cap of 14.37 million GBP. The Firm owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. It currently has negative earnings. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares.

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