Helium One Global (LON:HE1) Shares Down 9% – What’s Next?

Helium One Global Ltd (LON:HE1)’s share price was down 9% on Monday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.91 ($0.01). Approximately 17,989,377 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 42,914,793 shares. The stock had previously closed at GBX 1 ($0.01).

Helium One Global Price Performance

The firm has a market capitalization of £67.63 million, a P/E ratio of -2.50 and a beta of 0.12. The firm’s 50 day simple moving average is GBX 0.89 and its two-hundred day simple moving average is GBX 0.93.

About Helium One Global

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.