Avanti Helium (CVE:AVN) Shares Up 31.8% – Time to Buy?

Avanti Helium Corp. (CVE:AVNGet Free Report) shares shot up 31.8% on Friday . The company traded as high as C$0.15 and last traded at C$0.15. 569,915 shares traded hands during mid-day trading, an increase of 545% from the average session volume of 88,397 shares. The stock had previously closed at C$0.11.

Avanti Helium Price Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.16 and a quick ratio of 1.36. The company’s 50-day moving average price is C$0.12 and its 200-day moving average price is C$0.13. The company has a market cap of C$16.54 million, a P/E ratio of -1.29 and a beta of 0.91.

Avanti Helium Company Profile

(Get Free Report)

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp.

Recommended Stories

Receive News & Ratings for Avanti Helium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avanti Helium and related companies with MarketBeat.com's FREE daily email newsletter.