Shares of Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 20% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 518,640 shares were traded 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 Trading Down 20.0 %
The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The firm has a market capitalization of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26. The business’s 50-day moving average is C$0.03 and its 200 day moving average is C$0.05.
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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