Harvest Minerals (LON:HMI) Shares Down 25.5% – Here’s What Happened

Harvest Minerals Limited (LON:HMI)’s share price dropped 25.5% on Wednesday. The company traded as low as GBX 0.20 and last traded at GBX 0.20. 1,919,348 shares traded hands during mid-day 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 Down 25.5%

The firm’s 50-day simple moving average is GBX 0.25 and its 200-day simple moving average is 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. The company has a market capitalization of £1.11 million, a price-to-earnings ratio of -0.14 and a beta of 1.27.

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.