Royal Helium (CVE:RHC) Stock Price Up 25% – Time to Buy?

Royal Helium Ltd. (CVE:RHC)’s share price rose 25% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 286,494 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 940,322 shares. The stock had previously closed at C$0.02.

Royal Helium Stock Up 25.0 %

The firm has a market cap of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26. The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.05. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61.

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.