Avanti Helium (CVE:AVN) Shares Down 9.1% – Here’s What Happened

Avanti Helium Corp. (CVE:AVN)’s share price was down 9.1% during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 197,148 shares were traded during trading, an increase of 77% from the average daily volume of 111,213 shares. The stock had previously closed at C$0.11.

Avanti Helium Trading Down 9.1 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.17. The stock has a market capitalization of C$9.68 million, a PE ratio of -0.77 and a beta of 0.91. The business’s 50-day moving average is C$0.11 and its two-hundred day moving average is C$0.16.

Avanti Helium Company Profile

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.