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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: 2.10
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Change: 0.05 (2.44%)
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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.

More News
23 Mar 2018 11:33

Harvest Minerals Interim Loss Narrows As KPfertil Brings First Revenue

LONDON (Alliance News) - Harvest Minerals Ltd on Friday reported narrowed pretax loss for the first half of its financial year, as costs reduced, and said it generated first a

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19 Mar 2018 11:54

Harvest Minerals Non-Executive David Burton "Unexpectedly" Resigns

LONDON (Alliance News) - AIM-listed fertiliser producer Harvest Minerals Ltd on Monday said Non-Executive Director David Burton has "unexpectedly" resigned from the

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7 Mar 2018 11:50

Harvest Minerals Shares Rise As Major Sales Order For KPfertil Signed

LONDON (Alliance News) - Shares rose in Harvest Minerals Ltd on Wednesday as it signed a major sales order with Brazilian fertiliser distributor Agrocerrado Produtos Agricolas

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30 Dec 2016 09:06

Harvest Minerals upbeat after Maximus drilling programme

(ShareCast News) - Harvest Minerals announced the completion of the second air core drilling programme at the Maximus Prospect, part of its Arapua Fertiliser Project, located in the Brazilian state of Minas Gerais on Friday. The AIM-traded firm said the results from the second drilling programme, wh

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30 Dec 2016 08:23

Harvest Minerals Expects Arapua Resource Upgrade On Drilling Results

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22 Dec 2016 14:37

Harvest Minerals begins trial mining at Maximus Prospect

(ShareCast News) - Harvest Minerals said it has been awarded a trial mining permit and that it has begun trial mining at the Maximus Prospect, part of its Arapua Fertilizer Project, in Brazil. "The award of the trial mining permit has enabled us to achieve our stated goal of first production at Maxi

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9 Dec 2016 14:32

Harvest Minerals submits final documents for Brazil mining permit

(ShareCast News) - Harvest Minerals posted an update to its application for a trial mining permit in Brazil on Friday. The AIM-traded company said that, further to its notification on 7 November, it believes it has now satisfied all the conditions precedent to the award of the trial mining permit.

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7 Nov 2016 14:21

Harvest Minerals makes good progress at Maximus

(ShareCast News) - Harvest Minerals updated the market on progress at the Maximus Prospect, part of its Arapua Fertilizer Project, located in the Brazilian state of Minas Gerais on Monday. The AIM-traded company said a number of work streams were being actively pursued at Maximus. The first was an

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5 Oct 2016 15:11

UK Shareholder Meetings Calendar - Next 7 Days

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28 Sep 2016 14:27

Harvest Minerals begins open pit and drilling work

(ShareCast News) - Harvest Minerals announced on Wednesday that it has started infrastructure work in preparation of commencing open pit mining. Additionally, the AIM-traded company confirmed it is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, loca

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8 Sep 2016 10:51

Harvest Minerals receives environmental licence at Maximus

(ShareCast News) - Harvest Minerals announced on Thursday that it has received the environmental licence for the Maximus project at its Arapuá Phosphate Project in Brazil. The AIM-traded firm said that, following the granting of the required municipal and federal operating approvals, the environment

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23 Aug 2016 12:12

Harvest Minerals says positive test results at Maximus prospect

(ShareCast News) - Harvest Minerals confirms positive results for the latest agronomic and metallurgical test-work conducted at the Maximus prospect, part of its Arapua Fertiliser Project in Brazil. It said all results were well within the required specifications and that notably no toxic elements w

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23 Aug 2016 07:00

Harvest Upbeat On Product From Arapua, To Drill Before End Of 2016

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18 Aug 2016 16:42

Harvest Minerals eyes start of trial production at Maximus by year-end

(ShareCast News) - Harvest Minerals signed the lease for the land containing the Maximus resource, potentially paving the way for trial production to kick-off by year-end 2016. The fertilizer manufacturer's Brazilian subsidiary Triunfo Fertilizantes and Mineração Ltda would now be able to progress w

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10 Aug 2016 10:20

Harvest Minerals spikes on promising fertiliser study

(ShareCast News) - Harvest Minerals shares spiked as an initial study confirmed its Brazilian fertiliser project could be financed from existing cash reserves, with first production due later this year. The scoping study indicated that Harvest Minerals's Maximus direct application natural fertiliser

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