Royal Helium (CVE:RHC) Trading Down 16.7% – Should You Sell?

Royal Helium Ltd. (CVE:RHC) shares dropped 16.7% during trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares changed hands during mid-day 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 company has a market cap of C$8.95 million, a PE ratio of -0.50 and a beta of 2.26. 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.

Royal Helium Company Profile

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.