Royal Helium (CVE:RHC) Shares Up 20% – Here’s Why

Royal Helium Ltd. (CVE:RHC)’s stock price traded up 20% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 117,125 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 485,301 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The stock’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.06. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25. The company has a market capitalization of C$10.73 million, a P/E ratio of -0.60 and a beta of 2.26.

Royal Helium Company Profile

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.