Royal Helium (CVE:RHC) Stock Price Down 20% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price was down 20% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 674,082 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 20.0 %

The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The business has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.06. 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.

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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