Harvest Minerals (LON:HMI) Stock Price Down 17.1% – Here’s Why

Harvest Minerals Limited (LON:HMI) shares traded down 17.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.20 and last traded at GBX 0.23. 32,844,609 shares changed hands during mid-day trading, an increase of 759% from the average session volume of 3,822,419 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Trading Down 8.8%

The company has a market capitalization of £1.15 million, a PE ratio of -0.16 and a beta of 1.37. The company has a current ratio of 0.71, a quick ratio of 4.99 and a debt-to-equity ratio of 1,286.33. The stock has a fifty day moving average of GBX 0.27 and a two-hundred day moving average of GBX 0.31.

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.