Royal Helium (CVE:RHC) Shares Down 16.7% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report)’s share price was down 16.7% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares were traded during trading, a decline of 52% from the average daily volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The stock has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06. The company has a market capitalization of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26.

Royal Helium Company Profile

(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.

Further Reading

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