Royal Helium (CVE:RHC) Trading Up 20% – Time to Buy?

Royal Helium Ltd. (CVE:RHCGet Free Report) shares shot up 20% during mid-day trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 157,900 shares changed hands during trading, a decline of 67% from the average session volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The stock has a market cap of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. The firm 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 current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89.

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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