Royal Helium (CVE:RHC) Trading 20% Higher – Time to Buy?

Royal Helium Ltd. (CVE:RHCGet Free Report)’s stock price rose 20% during trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 157,900 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The company’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.06. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The stock has a market capitalization of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26.

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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