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Pin to quick picksHarvest Mi (di) Share News (HMI)

Share Price Information for Harvest Mi (di) (HMI)

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Share Price: 1.85
Bid: 1.70
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.30 (17.647%)
Open: 1.85
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AIM WINNERS & LOSERS: Harvest Minerals slashes annual sales forecast

Fri, 30th Jun 2023 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Renalytix PLC, up 60% at 122 pence, 12-month range 44p-155p. The London-based kidney health-focused diagnostics company says the US Food & Drug Administration has granted marketing authorisation for its KidneyIntelX.dkd prognostic testing platform. The FDA's approval will lead to increasing test adoption, insurance coverage, and additional international regulatory approvals, it says. KidneyIntelX.dkd platform is used for type two diabetes and kidney disease care management. Chief Executive James McCullough said: "Meeting the rigorous safety, clinical and analytical validation, and scientific data requirements of an FDA review, from breakthrough device designation to de novo marketing authorisation, is a landmark event for health care providers and patients with diabetic kidney disease."

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AIM - LOSERS

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Trackwise Designs PLC, down 50% at 0.20p, 12-month range 0.13p-0.49p. The manufacturer of products using printed circuit technology warns that production delays caused by an electric vehicle original equipment manufacturer have yet to be resolved. Consequently, the planned increase in working capital following the start of production has been delayed. The firm has a cash runway to last "at least into July". Will review funding options after it finds out whether it has been nominated as a new supplier by a potential new customer. Additionally, updates on its 2022 results, expecting to report pretax loss of GBP7.7 million, widening year-on-year from GBP2.0 million. Revenue is expected to fall to GBP7.5 million from GBP8.0 million. The audit of the results has been delayed, which will result in a suspension of firm's shares from Monday until the results can be published.

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Harvest Minerals Ltd, down 30% at 3.3p, 12-month range 2.75p-14.96p. The fertiliser producer with operations in Brazil says 2023 is shaping up to be a "somewhat complex year", as sales of its KP Fertil product are hit by farmers reducing purchases in anticipation of future price drops. In the first half, says new sales orders invoice and delivered total 27,000 tonnes, compared to its budget of 60,000 tonnes. Revises 2023 invoiced sales target to 120,000 tonnes from 200,000 tonnes previously. Additionally, posts 2022 annual results, swinging to pretax profit of USD472,580 from USD4.2 million loss, as revenue from fertiliser sales rises to USD8.6 million from USD4.9 million.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Apr 2024 10:18

Harvest Minerals surges 50% on rare earth element discovery at Arapua

(Alliance News) - Shares in Harvest Minerals Ltd shot up on Wednesday, after the company said it discovered "critical rare earth elements" at its Brazilian fertiliser project.

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15 Feb 2024 17:23

IN BRIEF: Harvest Minerals shares up on KP Fertil orders update

Harvest Minerals Ltd - London-based fertiliser producer with operations in Brazil - Says 2023 orders for its direct application fertiliser, KP Fertil totalled 34,880 tonnes, of which 28,707 were invoiced. Notes that approximately 8,469 tonnes of placed orders were cancelled at the end of September due to unforeseen issues. Looking ahead, Harvest Minerals expects 70,000 tonnes of placed orders for 2024 despite lower demand. "Given the historic expectation that approximately 80% of sales are seasonally placed in the second half of the year and, factoring in the orders placed up to the date of this press release, we are setting a guidance target of 70,000 tonnes to the year of 2024 and will keep the market informed of the performance as we advance the year," it says.

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23 Oct 2023 20:04

IN BRIEF: Harvest Minerals expects fertiliser demand to grow next year

Harvest Minerals Ltd - London-based fertiliser producer with operations in Brazil - Says orders to the end of September totalled 40,000 tonnes, of which 22,500 tonnes has been invoiced for payment and 17,500 tonnes is forecast to be invoiced for payment by the end of December. Expects further orders to be placed during the fourth quarter of 30,000 tonnes. Forecasts fertiliser demand to improve during 2024, but says uncertain market conditions are expected to continue throughout 2023 and at least the early stages of 2024.

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23 Oct 2023 12:30

Harvest Minerals updates on challenging year for fertiliser sales

(Sharecast News) - Fertiliser producer Harvest Minerals updated the market on sales for its KP Fértil product on Monday, reporting that as of the end of September, it had received orders totalling 40,000 tonnes.

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21 Sep 2023 12:34

Harvest Minerals shares plummet as revenue falls and loss widens

(Alliance News) - Harvest Minerals Ltd shares dropped on Thursday, after it reported lower interim revenue and a widened loss.

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21 Sep 2023 10:49

AIM WINNERS & LOSERS: Vela and Cizzle up as Conduit takes NY listing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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14 Aug 2023 16:52

LONDON MARKET CLOSE: FTSE 100 lags peers as miners fall on China woe

(Alliance News) - Worries for China's property market soured the mood at the start of the week, with the FTSE 100 hit badly thanks to its natural resources sector, although peers in Europe and equities in New York fared better.

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14 Aug 2023 11:52

LONDON MARKET MIDDAY: FTSE 100 down amid Chinese property worries

(Alliance News) - Stock prices in London were lower at midday on Monday, as worries surrounding the health of China continued to mount amid trouble in its real estate sector.

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14 Aug 2023 10:17

AIM WINNERS & LOSERS: Harvest Minerals cuts annual sales forecasts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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14 Aug 2023 08:45

Harvest Minerals shares fall as again lowers 2023 sales target

(Alliance News) - Harvest Minerals Ltd on Monday downgraded its 2023 sales target for its application fertiliser KP Fertil to be lower than half of its original goal.

Read more
10 Aug 2023 15:46

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Thursday 17 August 
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Quantum Exponential Group PLCAGM
Windward LtdAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Jun 2023 10:50

Harvest Minerals shares drop amid uncertain fertiliser market

(Alliance News) - Harvest Minerals Ltd on Friday reported a profit and a revenue boost in 2022, but cut sales guidance for 2023, noting the year was proving difficult due to uncertain market conditions.

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