Harvest Minerals (LON:HMI) Trading Down 10.7% – Time to Sell?

Harvest Minerals Limited (LON:HMI) was down 10.7% during trading on Tuesday . The company traded as low as GBX 0.20 and last traded at GBX 0.20. Approximately 2,685,268 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 3,568,118 shares. The stock had previously closed at GBX 0.23.

Harvest Minerals Price Performance

The stock has a market capitalization of £1.38 million, a price-to-earnings ratio of -0.19 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. The company’s 50 day moving average is GBX 0.25 and its 200 day moving average is GBX 0.31.

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.