Harvest Minerals (LON:HMI) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Harvest Minerals Limited (LON:HMI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.26 and traded as high as GBX 0.28. Harvest Minerals shares last traded at GBX 0.22, with a volume of 341,221 shares changing hands.

Harvest Minerals Stock Up 12.2%

The business has a 50 day moving average of GBX 0.26 and a 200-day moving average of GBX 0.31. The stock has a market cap of £1.25 million, a PE ratio of -0.17 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.

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.