Royal Helium (CVE:RHC) Trading Up 20% – What’s Next?

by · The Markets Daily

Royal Helium Ltd. (CVE:RHC – Get Free Report)’s stock price traded up 20% during mid-day trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 117,125 shares were traded during mid-day trading, a decline of 76% from the average session volume of 485,301 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

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 fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. The company has a market capitalization of C$8.95 million, a PE ratio of -0.50 and a beta of 2.26.

About Royal Helium

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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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