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

by · The Cerbat Gem

Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 16.7% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares were traded during mid-day 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 Price Performance

The stock has a market capitalization of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. 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 company’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.06.

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.

Featured Stories