Harvest Minerals (LON:HMI) Shares Up 12.3% – Time to Buy?

Harvest Minerals Limited (LON:HMI) shares were up 12.3% on Wednesday . The stock traded as high as GBX 0.45 and last traded at GBX 0.45. Approximately 7,036,997 shares were traded during trading, an increase of 77% from the average daily volume of 3,967,511 shares. The stock had previously closed at GBX 0.40.

Harvest Minerals Price 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 has a market capitalization of £2.21 million, a price-to-earnings ratio of -0.35 and a beta of 0.45. The business’s 50 day simple moving average is GBX 0.31 and its 200-day simple moving average is GBX 0.29.

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.