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

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price fell 16.7% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 377,054 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 483,658 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.06. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The company has a market cap of C$8.95 million, a PE ratio of -0.50 and a beta of 2.26.

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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