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

Shares of Royal Helium Ltd. (CVE:RHCGet Free Report) were down 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 233,144 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Down 16.7 %

The stock has a market cap of C$8.95 million, a PE ratio of -0.50 and a beta of 2.26. 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.

Royal Helium Company Profile

(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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