Harvest Minerals (LON:HMI) Trading Down 5.3% – What’s Next?

Shares of Harvest Minerals Limited (LON:HMI) dropped 5.3% on Thursday . The company traded as low as GBX 0.35 and last traded at GBX 0.36. Approximately 1,526,969 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 4,095,860 shares. The stock had previously closed at GBX 0.38.

Harvest Minerals Stock Down 1.3%

The company has a market capitalization of £1.86 million, a P/E ratio of -0.29 and a beta of 1.37. The company has a current ratio of 0.96, a quick ratio of 4.99 and a debt-to-equity ratio of 84.02. The stock has a 50 day moving average price of GBX 0.36 and a 200 day moving average price of GBX 0.31.

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.