Royal Helium (CVE:RHC) Trading Down 20% – Time to Sell?

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price was down 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 622,640 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 839,481 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.05. The stock has a market capitalization of C$7.16 million, a P/E ratio of -0.40 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.

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