Shares of Horizon (ASX:HRZ) rose 8.4% during trading on Tuesday . The company traded as high as A$0.09 ($0.07) and last traded at A$0.09 ($0.06), approximately 1,192,397 shares changed hands during mid-day trading. The stock had previously closed at A$0.08 ($0.06).

The stock has a 50 day moving average of A$0.10. The company has a market cap of $38.09 million and a P/E ratio of -6.85.

Horizon Company Profile (ASX:HRZ)

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, nickel, copper, vanadium, and molybdenum deposits. It operates 100% owned gold projects in the Kalgoorlie region and has joint ventures at the Menzies and Goongarrie gold projects, the Nanadie Well copper-nickel project, and the Richmond vanadium project located in Queensland.

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