Royal Helium (CVE:RHC) Shares Down 33.3% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report) shares fell 33.3% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 1,463,166 shares were traded during mid-day trading, an increase of 202% from the average session volume of 485,291 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Up 25.0 %

The stock has a market capitalization of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26. The business has a 50 day simple moving average of C$0.04 and a 200-day simple 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.

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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