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

Harvest Minerals Limited (LON:HMI)’s share price fell 16.4% during mid-day trading on Tuesday . The stock 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 session volume of 3,220,161 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Stock Performance

The stock has a market capitalization of £1.16 million, a price-to-earnings ratio of -0.18 and a beta of 1.37. The company’s fifty day simple moving average is GBX 0.32 and its 200 day simple moving average is GBX 0.32. The company has a quick ratio of 4.99, a current ratio of 0.96 and a debt-to-equity ratio of 84.02.

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.