Harvest Minerals (LON:HMI) Trading 7.1% Higher – Time to Buy?

Harvest Minerals Limited (LON:HMI)’s stock price shot up 7.1% on Friday . The stock traded as high as GBX 0.35 and last traded at GBX 0.35. 5,306,313 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 4,690,896 shares. The stock had previously closed at GBX 0.33.

Harvest Minerals Price Performance

The company has a debt-to-equity ratio of 37.98, a current ratio of 1.76 and a quick ratio of 4.99. The stock’s fifty day moving average is GBX 0.27 and its 200-day moving average is GBX 0.28. The stock has a market cap of £1.75 million, a PE ratio of -0.28 and a beta of 0.15.

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.