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

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price traded up 20% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 157,900 shares traded hands during mid-day 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 Trading Up 20.0 %

The firm has a market cap of C$10.73 million, a price-to-earnings ratio of -0.60 and a beta of 2.26. The business has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.06. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.

About Royal Helium

(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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