Harvest Minerals (LON:HMI) Trading Up 6.3% – Still a Buy?

Harvest Minerals Limited (LON:HMI)’s share price shot up 6.3% during trading on Tuesday . The company traded as high as GBX 0.32 and last traded at GBX 0.32. 443,038 shares were traded during mid-day trading, a decline of 88% from the average session volume of 3,689,652 shares. The stock had previously closed at GBX 0.30.

Harvest Minerals Stock Performance

The firm’s 50 day simple moving average is GBX 0.29 and its 200-day simple moving average is GBX 0.29. The company has a market capitalization of £1.86 million, a price-to-earnings ratio of -0.29 and a beta of 0.15. The company has a debt-to-equity ratio of 84.02, a quick ratio of 4.99 and a current ratio of 0.96.

About Harvest Minerals

Harvest Minerals Limited (HMI.L) is an AIM-quoted low-cost, high margin Brazilian remineraliser producer located in the state of Minas Gerais, the heart of the largest and fastest growing fertiliser market in Brazil.

The company’s product, KPFértil, is a registered and approved organic multi-nutrient direct application fertiliser. It contains many of the essential nutrients and minerals required by plants and, unlike most fertilisers, it does not require any complex processing or chemically alteration, instead it can be applied directly to crops.