Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 16.7% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 193,144 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 484,056 shares. The stock had previously closed at C$0.03.
Royal Helium Stock Performance
The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.06. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The firm has a market capitalization of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26.
About Royal Helium
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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