Royal Helium (CVE:RHC) Shares Down 16.7% – Here’s Why

by · The Cerbat Gem

Royal Helium Ltd. (CVE:RHC – Get Free Report)’s stock price was down 16.7% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares traded hands during trading, a decline of 52% from the average daily volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89. The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.06. The company has a market cap of C$8.95 million, a PE ratio of -0.50 and a beta of 2.26.

Royal Helium Company Profile

(Get Free Report)

Royal Helium Ltd. engages in the exploration and development of helium properties in Canada. It holds approximately 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. The company is headquartered in Saskatoon, Canada.

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