Helium One Global (LON:HE1) Stock Price Up 19% – Here’s Why

Helium One Global Ltd (LON:HE1)’s share price rose 19% during trading on Thursday . The stock traded as high as GBX 0.58 and last traded at GBX 0.55. Approximately 111,503,414 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 49,745,164 shares. The stock had previously closed at GBX 0.46.

Helium One Global Stock Up 43.1%

The firm has a market capitalization of £70.40 million, a PE ratio of -7.80 and a beta of 0.12. The stock has a 50-day simple moving average of GBX 0.44 and a 200-day simple moving average of GBX 0.44.

Helium One Global Company Profile

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. The assets lie near surface seeps with helium concentrations ranging up to 10.6% helium by volume. All Helium One’s licences are held on a 100% equity basis.

The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km2 in south-west Tanzania.