Royal Helium (CVE:RHC) Sets New 52-Week Low at $0.04

Shares of Royal Helium Ltd. (CVE:RHC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 785469 shares changing hands. The stock had previously closed at C$0.05.

Royal Helium Stock Down 11.1 %

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 stock’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.10. The firm has a market cap of C$14.31 million, a P/E ratio of -0.80 and a beta of 2.29.

Insider Activity

In related news, Senior Officer David Thomas Young sold 1,095,208 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$0.07, for a total transaction of C$71,188.52. 3.25% of the stock is owned by company insiders.

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.