Royal Helium Ltd. (CVE:RHC – Get Free Report)’s stock price dropped 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 622,640 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 839,481 shares. The stock had previously closed at C$0.03.
Royal Helium Price Performance
The stock has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.05. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The firm has a market capitalization of C$7.16 million, a P/E 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.
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