Royal Helium (CVE:RHC) Shares Down 16.7% – Time to Sell?

Royal Helium Ltd. (CVE:RHC)’s stock price was down 16.7% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 193,144 shares traded hands during trading, a decline of 60% from the average daily volume of 484,283 shares. The stock had previously closed at C$0.03.

Royal Helium Trading Down 16.7 %

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 stock has a market cap of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06.

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.