Royal Helium (CVE:RHC) Shares Down 20% – What’s Next?

Royal Helium Ltd. (CVE:RHC – Get Free Report) fell 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 522,640 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 829,081 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The firm has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The stock has a market cap of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26.

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.

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