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

Royal Helium Ltd. (CVE:RHC) shares were down 20% during mid-day 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 Trading Down 20.0 %

The business has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. 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 company has a market cap of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26.

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.