Harvest Minerals (LON:HMI) Shares Pass Below 50-Day Moving Average – What’s Next?

Harvest Minerals Limited (LON:HMI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.35 and traded as low as GBX 0.29. Harvest Minerals shares last traded at GBX 0.32, with a volume of 37,416 shares changing hands.

Harvest Minerals Stock Up 6.3%

The company has a quick ratio of 4.99, a current ratio of 0.96 and a debt-to-equity ratio of 84.02. The stock has a 50-day moving average of GBX 0.35 and a 200 day moving average of GBX 0.32. The company has a market capitalization of £1.61 million, a PE ratio of -0.25 and a beta of 1.37.

Harvest Minerals Company Profile

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.