Royal Helium (CVE:RHC) Trading Down 16.7% – Should You Sell?

Royal Helium Ltd. (CVE:RHC) dropped 16.7% on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 846,500 shares traded hands during trading, an increase of 74% from the average daily volume of 486,746 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.06. 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 has a market capitalization of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26.

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.