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

Harvest Minerals Limited (LON:HMI) shares were down 17.1% on Wednesday . The company traded as low as GBX 0.20 and last traded at GBX 0.23. 32,844,609 shares changed hands during trading, an increase of 759% from the average daily volume of 3,822,419 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Stock Performance

The company has a debt-to-equity ratio of 1,286.33, a quick ratio of 4.99 and a current ratio of 0.71. The firm’s 50-day moving average price is GBX 0.28 and its two-hundred day moving average price is GBX 0.31. The firm has a market capitalization of £1.15 million, a price-to-earnings ratio of -0.16 and a beta of 1.37.

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.