Avanti Helium (CVE:AVN) Shares Down 10.3% – Here’s Why

Avanti Helium Corp. (CVE:AVN)’s share price fell 10.3% during mid-day trading on Thursday . The stock traded as low as C$0.26 and last traded at C$0.26. 169,180 shares were traded during trading, a decline of 58% from the average session volume of 402,301 shares. The stock had previously closed at C$0.29.

Avanti Helium Stock Down 10.3%

The firm has a market capitalization of C$31.26 million, a PE ratio of -6.50 and a beta of 1.66. The business’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.19. The company has a quick ratio of 1.36, a current ratio of 0.16 and a debt-to-equity ratio of 0.99.

About Avanti Helium

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.