Royal Helium (CVE:RHC) Reaches New 1-Year Low – Here’s Why

Shares of Royal Helium Ltd. (CVE:RHC) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 32361 shares. The stock had previously closed at C$0.04.

Royal Helium Stock Performance

The business has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The firm has a market capitalization of C$12.52 million, a price-to-earnings ratio of -0.70 and a beta of 2.26. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.

Royal Helium (CVE:RHC) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$0.72 million during the quarter.

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.