Royal Helium (CVE:RHC) Trading 20% Higher – Still a Buy?

Royal Helium Ltd. (CVE:RHCGet Free Report) rose 20% during mid-day trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 117,125 shares changed hands during trading, a decline of 76% from the average daily volume of 485,297 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

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’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.06. The company has a market capitalization of C$10.73 million, a P/E ratio of -0.60 and a beta of 2.26.

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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