Harvest Minerals (LON:HMI) Trading Up 7.7% – Time to Buy?

Harvest Minerals Limited (LON:HMI) shares were up 7.7% on Friday . The stock traded as high as GBX 0.35 and last traded at GBX 0.35. Approximately 110,658 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,930,514 shares. The stock had previously closed at GBX 0.33.

Harvest Minerals Trading Up 7.7%

The company’s fifty day moving average price is GBX 0.37 and its two-hundred day moving average price is GBX 0.31. The company has a current ratio of 0.96, a quick ratio of 4.99 and a debt-to-equity ratio of 84.02. The firm has a market cap of £1.76 million, a P/E ratio of -0.28 and a beta of 1.37.

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.