Royal Helium (CVE:RHC) Shares Down 16.7% – Should You Sell?

Royal Helium Ltd. (CVE:RHCGet Free Report)’s share price traded down 16.7% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 1,243,166 shares were traded during mid-day trading, an increase of 156% from the average session 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 business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06. The stock has a market cap of C$8.95 million, a PE ratio of -0.50 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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