Avanti Helium (CVE:AVN) Stock Price Up 50% – What’s Next?

Avanti Helium Corp. (CVE:AVNGet Free Report) shot up 50% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.12. 311,093 shares changed hands during mid-day trading, an increase of 183% from the average session volume of 109,836 shares. The stock had previously closed at C$0.08.

Avanti Helium Stock Performance

The firm has a market capitalization of C$9.68 million, a P/E ratio of -0.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.17 and a quick ratio of 1.36. The stock’s 50 day moving average is C$0.12 and its two-hundred day moving average is C$0.17.

Avanti Helium Company Profile

(Get Free Report)

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp.

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