Harvest Minerals (LON:HMI) Trading Down 16.4% – Here’s Why

Harvest Minerals Limited (LON:HMI)’s share price dropped 16.4% during trading on Tuesday . The company traded as low as GBX 0.23 and last traded at GBX 0.23. Approximately 4,911,223 shares changed hands during trading, an increase of 53% from the average daily volume of 3,220,161 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Trading Down 16.4%

The business has a 50-day simple moving average of GBX 0.32 and a two-hundred day simple moving average of GBX 0.32. The stock has a market cap of £1.16 million, a price-to-earnings ratio of -0.18 and a beta of 1.37. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.96 and a quick ratio of 4.99.

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.