Shares of New Era Helium Inc. (NASDAQ:NEHC – Get Free Report) traded up 0.2% during trading on Thursday. The company traded as high as $7.1950 and last traded at $6.99. Approximately 9,027,807 shares traded hands during mid-day trading, an increase of 933% from the average daily volume of 874,269 shares. The stock had previously closed at $6.9750.
New Era Helium Trading Up 1.7%
The company has a market capitalization of $102.19 million, a price-to-earnings ratio of -17.22 and a beta of 0.19. The firm’s 50 day moving average price is $5.39 and its two-hundred day moving average price is $5.01.
About New Era Helium
New Era Helium, Inc (NASDAQ: NEHC) is a United States-based energy company focused on the exploration, development and production of helium. The company’s activities also include the production of natural gas and other hydrocarbons associated with its helium-focused properties.
New Era Helium’s operations are centered on helium resources in the Mid-Continent region of the United States, including properties associated with the Hugoton Gas Field in Kansas, Oklahoma and Texas. Its business model is intended to cover the helium value chain, from resource identification and drilling to processing and sales.
Helium is used in applications including medical imaging, semiconductor manufacturing, aerospace, scientific research and other specialized industries.
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