Royal Helium (CVE:RHC) Shares Down 16.7% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price traded down 16.7% during trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. 233,144 shares traded hands during trading, a decline of 52% from the average session volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 16.7 %

The business’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is 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. The stock has a market capitalization of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26.

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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