Royal Helium (CVE:RHC) Shares Down 33.3% – Here’s What Happened

Royal Helium Ltd. (CVE:RHC)’s stock price traded down 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 1,463,166 shares traded hands during trading, an increase of 202% from the average session volume of 485,291 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 33.3 %

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 firm has a market cap of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.06.

Royal Helium Company Profile

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.