Horizonte Minerals Plc (TSE:HZMGet Rating) shares hit a new 52-week low on Monday . The stock traded as low as C$2.00 and last traded at C$2.18, with a volume of 5100 shares trading hands. The stock had previously closed at C$2.10.

The company has a fifty day simple moving average of C$0.72 and a two-hundred day simple moving average of C$0.32. The company has a debt-to-equity ratio of 54.76, a quick ratio of 17.61 and a current ratio of 18.23. The company has a market capitalization of C$415.11 million and a price-to-earnings ratio of -27.27.

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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