Helium One Global (LON:HE1) Shares Up 18.6% – Still a Buy?

Helium One Global Ltd (LON:HE1)’s stock price was up 18.6% during trading on Tuesday . The stock traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.02 ($0.01). Approximately 111,920,023 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 33,660,531 shares. The stock had previously closed at GBX 0.86 ($0.01).

Helium One Global Trading Up 18.6 %

The business’s 50 day moving average price is GBX 0.92 and its two-hundred day moving average price is GBX 1.07. The stock has a market cap of £60.28 million, a P/E ratio of -148.75 and a beta of 0.12.

About Helium One Global

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.