Harvest Minerals (LON:HMI) Trading Down 18.5% – Time to Sell?

Harvest Minerals Limited (LON:HMI) shares were down 18.5% during mid-day trading on Friday . The company traded as low as GBX 0.33 and last traded at GBX 0.33. Approximately 6,744,694 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 3,679,746 shares. The stock had previously closed at GBX 0.40.

Harvest Minerals Price Performance

The firm has a market cap of £1.64 million, a P/E ratio of -0.26 and a beta of 0.45. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.96 and a quick ratio of 4.99. The stock’s 50-day simple moving average is GBX 0.30 and its two-hundred 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.