Royal Helium (CVE:RHC) Trading Down 20% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price was down 20% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares were traded 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 firm has a market cap of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26. The company 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 current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89.

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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