Avanti Helium (CVE:AVN) Trading Up 31.8% – Here’s Why

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

Avanti Helium Trading Up 31.8 %

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

About Avanti Helium

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.