Harvest Minerals (LON:HMI) Stock Price Down 14.3% – What’s Next?

Harvest Minerals Limited (LON:HMI) dropped 14.3% during trading on Wednesday . The stock traded as low as GBX 0.30 and last traded at GBX 0.30. Approximately 2,059,531 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 3,769,175 shares. The stock had previously closed at GBX 0.35.

Harvest Minerals Stock Performance

The company has a quick ratio of 4.99, a current ratio of 0.96 and a debt-to-equity ratio of 84.02. The stock’s fifty day moving average is GBX 0.29 and its two-hundred day moving average is GBX 0.29. The firm has a market capitalization of £1.51 million, a price-to-earnings ratio of -0.24 and a beta of 0.15.

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.