Harvest Minerals (LON:HMI) Stock Price Down 5% – Here’s Why

Shares of Harvest Minerals Limited (LON:HMI) dropped 5% during mid-day trading on Thursday . The company traded as low as GBX 0.35 and last traded at GBX 0.38. Approximately 501,231 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 4,206,237 shares. The stock had previously closed at GBX 0.40.

Harvest Minerals Stock Up 22.9%

The firm has a market capitalization of £2.16 million, a PE ratio of -0.34 and a beta of 0.45. The company has a 50-day moving average price of GBX 0.33 and a 200 day moving average price of GBX 0.30. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.96 and a quick ratio of 4.99.

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.