Royal Helium (CVE:RHC) Trading Down 16.7% – Here’s Why

by · The Cerbat Gem

Shares of Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 16.7% during trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The company’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.06. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25. The firm has a market cap of C$8.95 million, a price-to-earnings ratio of -0.50 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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