Helium One Global (LON:HE1) Shares Down 9.5% – Here’s What Happened

Helium One Global Ltd (LON:HE1Get Free Report) shares dropped 9.5% on Wednesday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.30 ($0.00). Approximately 279,018,594 shares changed hands during mid-day trading, an increase of 388% from the average daily volume of 57,233,453 shares. The stock had previously closed at GBX 0.34 ($0.00).

Helium One Global Stock Performance

The company has a market cap of £20.08 million, a price-to-earnings ratio of -121.60 and a beta of 0.12. The stock’s fifty day moving average is GBX 0.66 and its two-hundred day moving average is GBX 0.84.

Helium One Global Company Profile

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Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.

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