Harvest Minerals (LON:HMI) Shares Down 26.2% – Here’s Why

Harvest Minerals Limited (LON:HMI)’s share price dropped 26.2% during trading on Tuesday . The company traded as low as GBX 0.25 and last traded at GBX 0.25. Approximately 477,655 shares were traded during trading, a decline of 87% from the average daily volume of 3,751,536 shares. The stock had previously closed at GBX 0.34.

Harvest Minerals Price Performance

The firm has a 50-day simple moving average of GBX 0.37 and a 200-day simple moving average of GBX 0.32. The firm has a market capitalization of £1.26 million, a PE ratio of -0.20 and a beta of 1.37. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.96 and a quick ratio of 4.99.

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.