Harvest Minerals (LON:HMI) Shares Up 11.1% – Time to Buy?

Harvest Minerals Limited (LON:HMI)’s share price traded up 11.1% during trading on Tuesday . The stock traded as high as GBX 0.45 and last traded at GBX 0.25. Approximately 86,238,086 shares traded hands during mid-day trading, an increase of 2,283% from the average session volume of 3,619,635 shares. The stock had previously closed at GBX 0.23.

Harvest Minerals Stock Up 19.1%

The stock has a market capitalization of £1.35 million, a price-to-earnings ratio of -0.18 and a beta of 1.37. The business has a 50-day moving average of GBX 0.28 and a 200-day moving average of GBX 0.31. 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.