Royal Helium (CVE:RHC) Trading Down 12.5% – Time to Sell?

Royal Helium Ltd. (CVE:RHC) traded down 12.5% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 333,100 shares traded hands during trading, a decline of 32% from the average session volume of 486,562 shares. The stock had previously closed at C$0.04.

Royal Helium Stock Down 12.5 %

The stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.07. The firm has a market capitalization of C$12.52 million, a P/E ratio of -0.70 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25.

Royal Helium (CVE:RHC) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$0.72 million during the quarter.

About Royal Helium

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.