Royal Helium (CVE:RHC) Trading Down 16.7% – What’s Next?

by · The Markets Daily

Shares of Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 16.7% on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares changed hands 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 Stock Down 16.7 %

The firm has a market cap of C$8.95 million, a P/E 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 business has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.06.

About Royal Helium

(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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