Avanti Helium (CVE:AVN) Stock Price Up 26.3% – Here’s Why
by Sarita Garza · The Markets DailyAvanti Helium Corp. (CVE:AVN – Get Free Report)’s share price shot up 26.3% on Friday . The company traded as high as C$0.25 and last traded at C$0.24. 511,937 shares traded hands during mid-day trading, an increase of 165% from the average session volume of 193,093 shares. The stock had previously closed at C$0.19.
Avanti Helium Stock Up 28.9%
The stock has a market capitalization of C$29.45 million, a P/E ratio of -6.13 and a beta of 1.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.16 and a quick ratio of 1.36. The stock has a fifty day moving average price of C$0.17 and a 200 day moving average price of C$0.18.
About Avanti Helium
Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.