Avanti Helium (CVE:AVN) Stock Price Down 14.3% – What’s Next?

Avanti Helium Corp. (CVE:AVN)’s share price dropped 14.3% on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 125,428 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 101,292 shares. The stock had previously closed at C$0.14.

Avanti Helium Trading Down 14.3 %

The company has a quick ratio of 1.36, a current ratio of 0.17 and a debt-to-equity ratio of 0.99. The firm’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.22. The stock has a market capitalization of C$11.62 million, a P/E ratio of -1.00 and a beta of 0.91.

Avanti Helium (CVE:AVN) last released its earnings results on Friday, August 30th. The company reported C($0.01) EPS for the quarter. Equities research analysts anticipate that Avanti Helium Corp. will post 0.0252443 EPS for the current fiscal year.

About Avanti Helium

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp.