Helium One Global (LON:HE1) Trading 1.2% Higher – Still a Buy?

Shares of Helium One Global Ltd (LON:HE1Get Free Report) shot up 1.2% on Monday . The stock traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.02 ($0.01). 47,028,340 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 44,708,703 shares. The stock had previously closed at GBX 1.01 ($0.01).

Helium One Global Price Performance

The firm has a market capitalization of £75.88 million, a PE ratio of -2.80 and a beta of 0.12. The business’s 50-day moving average price is GBX 0.95 and its 200-day moving average price is GBX 0.97.

About Helium One Global

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Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.

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