Shares of Avanti Helium Corp. (CVE:AVN – Get Free Report) dropped 13% on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 189,134 shares were traded during trading, a decline of 5% from the average daily volume of 198,740 shares. The stock had previously closed at C$0.12.
Avanti Helium Trading Down 13.0 %
The business has a 50 day simple moving average of C$0.11 and a 200 day simple moving average of C$0.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.17 and a quick ratio of 1.36. The company has a market cap of C$9.68 million, a price-to-earnings ratio of -0.77 and a beta of 0.91.
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.
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