Harvest Minerals (LON:HMI) Stock Jumps 6.7% – Here’s Why

Shares of Harvest Minerals Limited (LON:HMI) rose 6.7% during mid-day trading on Thursday. The stock traded as high as GBX 0.24 and last traded at GBX 0.24. 1,416,690 shares were traded during mid-day trading, a decline of 54% from the average session volume of 3,072,423 shares. The stock had previously closed at GBX 0.23.

Harvest Minerals Price Performance

The business has a 50-day simple moving average of GBX 0.25 and a two-hundred day simple moving average of GBX 0.29. The company has a debt-to-equity ratio of 1,286.33, a quick ratio of 4.99 and a current ratio of 0.71. The company has a market capitalization of £1.36 million, a price-to-earnings ratio of -0.17 and a beta of 1.27.

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.