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

Royal Helium Ltd. (CVE:RHCGet Free Report) was up 20% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 157,900 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

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

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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