Harvest Minerals (LON:HMI) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Harvest Minerals Limited (LON:HMI) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 0.56 ($0.01) and traded as low as GBX 0.50 ($0.01). Harvest Minerals shares last traded at GBX 0.50 ($0.01), with a volume of 10,365 shares changing hands.

Harvest Minerals Stock Down 9.1 %

The company’s 50-day simple moving average is GBX 0.56 and its two-hundred day simple moving average is GBX 0.96. The firm has a market capitalization of £1.45 million, a P/E ratio of -50.00 and a beta of 0.15. The company has a debt-to-equity ratio of 63.30, a current ratio of 0.96 and a quick ratio of 4.99.

Harvest Minerals Company Profile

Harvest Minerals Limited engages in the mineral exploration and production of organic natural fertilizers in Brazil. It holds 100% interests in the Arapua fertilizer project comprising 12 mineral claims located in Brazil; and the Miriri Phosphate project consisting of seven mineral rights spanning an area of total 6,112 hectares located in the State of Pernambuco.