Harvest Minerals (LON:HMI) Shares Up 12.3% – Should You Buy?

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

Harvest Minerals Stock Performance

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 firm’s 50 day moving average is GBX 0.32 and its 200-day moving average is GBX 0.29. The firm has a market cap of £2.38 million, a price-to-earnings ratio of -0.38 and a beta of 0.45.

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.