Harvest Minerals (LON:HMI) Shares Down 25.5% – Should You Sell?

Harvest Minerals Limited (LON:HMI) fell 25.5% on Wednesday. The stock traded as low as GBX 0.20 and last traded at GBX 0.20. 1,919,348 shares changed hands during trading, a decline of 38% from the average session volume of 3,080,645 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Stock Performance

The stock has a market cap of £1.11 million, a P/E ratio of -0.14 and a beta of 1.27. The firm has a 50 day moving average of GBX 0.25 and a two-hundred day moving average of GBX 0.29. 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.

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.