Harvest Minerals (LON:HMI) Stock Price Down 8% – What’s Next?

Harvest Minerals Limited (LON:HMI)’s share price dropped 8% during trading on Thursday . The stock traded as low as GBX 0.25 and last traded at GBX 0.25. Approximately 327,143 shares were traded during trading, a decline of 71% from the average daily volume of 1,128,327 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Price Performance

The company has a market cap of £1.51 million, a price-to-earnings ratio of -0.24 and a beta of 0.15. The company’s 50-day simple moving average is GBX 0.28 and its 200-day simple moving average is GBX 0.31. The company has a debt-to-equity ratio of 37.98, a current ratio of 1.76 and a quick ratio of 4.99.

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.