Harvest Minerals (LON:HMI) Trading 14.3% Higher – Still a Buy?

Harvest Minerals Limited (LON:HMI)’s stock price shot up 14.3% during trading on Thursday . The stock traded as high as GBX 0.40 and last traded at GBX 0.40. 190,288 shares were traded during trading, a decline of 95% from the average session volume of 3,801,148 shares. The stock had previously closed at GBX 0.35.

Harvest Minerals Trading Up 14.3%

The company has a 50 day simple moving average of GBX 0.37 and a 200 day simple moving average of GBX 0.32. The company has a debt-to-equity ratio of 84.02, a quick ratio of 4.99 and a current ratio of 0.96. The company has a market capitalization of £2.01 million, a PE ratio of -0.32 and a beta of 1.37.

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.