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

Royal Helium Ltd. (CVE:RHCGet Free Report)’s share price fell 16.7% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 1,015,166 shares changed hands during trading, an increase of 109% from the average session volume of 485,291 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Up 25.0 %

The stock has a market cap of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61.

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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