Harvest Minerals (LON:HMI) Shares Down 16% – Should You Sell?

Harvest Minerals Limited (LON:HMI) shares traded down 16% during mid-day trading on Thursday . The company traded as low as GBX 0.21 and last traded at GBX 0.21. Approximately 250,000 shares were traded during trading, a decline of 92% from the average session volume of 3,132,693 shares. The stock had previously closed at GBX 0.25.

Harvest Minerals Stock Down 16.0%

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. The company has a 50-day simple moving average of GBX 0.30 and a 200 day simple moving average of GBX 0.31. The company has a market cap of £1.06 million, a P/E ratio of -0.14 and a beta of 1.37.

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.