Royal Helium (CVE:RHC) Trading Down 20% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report) traded down 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 300,477 shares were traded during trading, a decline of 55% from the average session volume of 674,082 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Down 20.0 %

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 fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06. The firm has a market capitalization of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26.

About Royal Helium

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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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