Helium One Global (LON:HE1) Trading 9.6% Higher – Here’s Why

Shares of Helium One Global Ltd (LON:HE1) rose 9.6% during mid-day trading on Wednesday . The stock traded as high as GBX 0.57 and last traded at GBX 0.57. Approximately 13,916,729 shares were traded during trading, a decline of 88% from the average daily volume of 112,453,945 shares. The stock had previously closed at GBX 0.52.

Helium One Global Price Performance

The company has a market capitalization of £61.20 million, a PE ratio of -6.78 and a beta of 0.12. The stock has a 50-day simple moving average of GBX 0.51 and a 200 day simple moving average of GBX 0.44.

About Helium One Global

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. The assets lie near surface seeps with helium concentrations ranging up to 10.6% helium by volume. All Helium One’s licences are held on a 100% equity basis.

The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km2 in south-west Tanzania.