Royal Helium Ltd. (CVE:RHC – Get Free Report)’s stock price dropped 33.3% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,463,166 shares were traded during mid-day trading, an increase of 202% from the average daily volume of 485,291 shares. The stock had previously closed at C$0.03.
Royal Helium Price Performance
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 has a market capitalization of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26. The company’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.06.
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.
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