Royal Helium (CVE:RHC) Stock Price Down 20% – Here’s What Happened

Shares of Royal Helium Ltd. (CVE:RHC) dropped 20% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares were traded during trading, a decline of 55% from the average daily volume of 674,082 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 20.0 %

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 firm has a market capitalization of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.06.

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.