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

Harvest Minerals Limited (LON:HMI) shares were down 26.2% on Tuesday . The stock traded as low as GBX 0.25 and last traded at GBX 0.25. Approximately 477,655 shares changed hands 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 company’s 50-day simple moving average is GBX 0.36 and its 200 day simple moving average is GBX 0.32. The company has a market cap of £1.60 million, a PE ratio of -0.25 and a beta of 1.37. The company has a debt-to-equity ratio of 84.02, a quick ratio of 4.99 and a current ratio of 0.96.

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.