Royal Helium (CVE:RHC) Stock Price Down 16.7% – Here’s What Happened

Royal Helium Ltd. (CVE:RHC – Get Free Report)’s stock price dropped 16.7% during mid-day 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 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 Stock Performance

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. The stock has a 50-day moving average of C$0.04 and a 200-day moving average of 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.

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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