Harvest Minerals (LON:HMI) Shares Down 17.1% – What’s Next?

Harvest Minerals Limited (LON:HMI) dropped 17.1% on Monday . The company traded as low as GBX 0.25 and last traded at GBX 0.29. Approximately 2,581,143 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 3,456,474 shares. The stock had previously closed at GBX 0.35.

Harvest Minerals Stock Down 17.1%

The company has a debt-to-equity ratio of 84.02, a quick ratio of 4.99 and a current ratio of 0.96. The company has a market capitalization of £1.46 million, a price-to-earnings ratio of -0.23 and a beta of 1.37. The stock’s fifty day simple moving average is GBX 0.34 and its two-hundred day simple moving average is GBX 0.32.

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.