Royal Helium (CVE:RHC) Trading Down 20% – Here’s Why

Royal Helium Ltd. (CVE:RHCGet Free Report)’s share price dropped 20% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares changed hands during mid-day 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 Stock Performance

The stock has a market cap of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26. The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89. The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06.

About Royal Helium

(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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