Royal Helium (CVE:RHC) Trading Up 14.3% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price was up 14.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 148,196 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 478,651 shares. The stock had previously closed at C$0.04.

Royal Helium Stock Down 11.1 %

The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.07. The stock has a market cap of C$14.31 million, a price-to-earnings ratio of -0.80 and a beta of 2.26.

Royal Helium (CVE:RHCGet Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$0.72 million for the quarter.

Royal Helium Company Profile

(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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