Avanti Helium (CVE:AVN) Trading Down 9.1% – Should You Sell?

Avanti Helium Corp. (CVE:AVNGet Free Report)’s stock price dropped 9.1% during trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 197,148 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 111,213 shares. The stock had previously closed at C$0.11.

Avanti Helium Price Performance

The firm has a market capitalization of C$9.68 million, a price-to-earnings ratio of -0.77 and a beta of 0.91. The stock’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.16. The company has a current ratio of 0.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.99.

About Avanti Helium

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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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