Royal Helium (CVE:RHC) Shares Down 20% – Time to Sell?

Royal Helium Ltd. (CVE:RHC – Get Free Report) shares were down 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 622,640 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 839,481 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The business has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.05. 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 capitalization of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26.

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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