Harvest Minerals (LON:HMI) Shares Down 13.5% – Should You Sell?

Harvest Minerals Limited (LON:HMI)’s stock price fell 13.5% on Monday. The company traded as low as GBX 0.23 and last traded at GBX 0.23. Approximately 1,112,390 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 2,861,373 shares. The stock had previously closed at GBX 0.26.

Harvest Minerals Price Performance

The company has a quick ratio of 4.99, a current ratio of 0.53 and a debt-to-equity ratio of -378.11. The business’s 50-day simple moving average is GBX 0.25 and its 200-day simple moving average is GBX 0.27. The stock has a market cap of £1.22 million, a PE ratio of -0.16 and a beta of 1.27.

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.