Harvest Minerals (LON:HMI) Stock Falls 23.1% – What’s Next?

Harvest Minerals Limited (LON:HMI) traded down 23.1% during mid-day trading on Monday. The stock traded as low as GBX 0.20 and last traded at GBX 0.20. 1,187,570 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 2,801,142 shares. The stock had previously closed at GBX 0.26.

Harvest Minerals Trading Down 23.1%

The firm has a market cap of £1.09 million, a price-to-earnings ratio of -0.14 and a beta of 1.27. The business has a 50 day moving average of GBX 0.25 and a 200 day moving average of GBX 0.29. The company has a quick ratio of 4.99, a current ratio of 0.53 and a debt-to-equity ratio of -378.11.

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.