Royal Helium (CVE:RHC) Shares Down 16.7% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report) fell 16.7% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 233,144 shares traded hands during trading, a decline of 52% from the average session volume of 484,445 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 16.7 %

The firm has a market capitalization of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.06.

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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