Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 522,640 shares traded hands during trading, a decline of 37% from the average daily volume of 829,081 shares. The stock had previously closed at C$0.03.
Royal Helium Price Performance
The firm has a market cap of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26. The firm’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.05. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.
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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