Royal Helium (CVE:RHC) Trading Down 16.7% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price was down 16.7% on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 846,500 shares changed hands during trading, an increase of 74% from the average session volume of 486,746 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25. The company’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.06. The company has a market cap of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26.

About Royal Helium

(Get Free Report)

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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