Harvest Minerals (LON:HMI) Stock Price Down 16.7% – Here’s Why

Shares of Harvest Minerals Limited (LON:HMI) fell 16.7% during trading on Wednesday . The stock traded as low as GBX 0.25 and last traded at GBX 0.25. 1,294,658 shares were traded during mid-day trading, a decline of 75% from the average session volume of 5,228,091 shares. The stock had previously closed at GBX 0.30.

Harvest Minerals Trading Down 16.7%

The business has a 50 day simple moving average of GBX 0.27 and a two-hundred day simple moving average of GBX 0.28. The company has a current ratio of 1.76, a quick ratio of 4.99 and a debt-to-equity ratio of 37.98. The company has a market cap of £1.26 million, a PE ratio of -0.20 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.