Shares of Royal Helium Ltd. (CVE:RHC – Get Free Report) fell 16.7% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 193,144 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 484,056 shares. The stock had previously closed at C$0.03.
Royal Helium Price Performance
The stock’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is 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 firm has a market capitalization of C$8.95 million, a P/E 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.
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