Harvest Minerals (LON:HMI) Shares Up 9.8% – Time to Buy?

Harvest Minerals Limited (LON:HMI) shares were up 9.8% during mid-day trading on Friday . The stock traded as high as GBX 0.25 and last traded at GBX 0.25. Approximately 725,487 shares were traded during mid-day trading, an increase of 154% from the average daily volume of 285,411 shares. The stock had previously closed at GBX 0.23.

Harvest Minerals Trading Up 9.8%

The firm has a 50-day moving average of GBX 0.27 and a two-hundred day moving average of GBX 0.29. The firm has a market capitalization of £1.24 million, a P/E ratio of -0.20 and a beta of 0.15. The company has a current ratio of 1.76, a quick ratio of 4.99 and a debt-to-equity ratio of 37.98.

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.