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

Royal Helium Ltd. (CVE:RHC) shares traded down 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 300,477 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 674,082 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 20.0 %

The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.06. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25. The company has a market capitalization of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26.

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.