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

Shares of Harvest Minerals Limited (LON:HMI) dropped 17.1% on Monday . The company traded as low as GBX 0.25 and last traded at GBX 0.29. Approximately 2,581,143 shares changed hands during trading, a decline of 25% from the average daily volume of 3,456,474 shares. The stock had previously closed at GBX 0.35.

Harvest Minerals Trading Down 9.1%

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 business’s fifty day simple moving average is GBX 0.33 and its two-hundred day simple moving average is GBX 0.32. The company has a market cap of £1.26 million, a price-to-earnings ratio of -0.20 and a beta of 1.37.

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.