Royal Helium (CVE:RHC) Shares Down 20% – Here’s What Happened

Royal Helium Ltd. (CVE:RHC)’s share price dropped 20% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 674,082 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Down 20.0 %

The company has a market cap of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The stock has a fifty day moving average price of C$0.04 and a two-hundred 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.