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

Royal Helium Ltd. (CVE:RHCGet Free Report) shares were down 20% on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 518,640 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 829,081 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

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’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.05. The stock has a market cap of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26.

Royal Helium Company Profile

(Get Free Report)

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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