Harvest Minerals (LON:HMI) Shares Down 17.1% – Here’s What Happened

Shares of Harvest Minerals Limited (LON:HMI) fell 17.1% on Wednesday . The stock traded as low as GBX 0.20 and last traded at GBX 0.23. 32,844,609 shares were traded during mid-day trading, an increase of 759% from the average session volume of 3,822,419 shares. The stock had previously closed at GBX 0.28.

Harvest Minerals Trading Down 17.1%

The firm has a market capitalization of £1.15 million, a price-to-earnings ratio of -0.16 and a beta of 1.37. The company has a fifty day moving average price of GBX 0.28 and a 200-day moving average price of GBX 0.31. The company has a current ratio of 0.71, a quick ratio of 4.99 and a debt-to-equity ratio of 1,286.33.

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.