Avanti Helium (CVE:AVN) Stock Price Down 13% – Here’s Why

Avanti Helium Corp. (CVE:AVN)’s stock price dropped 13% on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 189,134 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 198,740 shares. The stock had previously closed at C$0.12.

Avanti Helium Stock Down 13.0 %

The company has a market capitalization of C$9.68 million, a price-to-earnings ratio of -0.77 and a beta of 0.91. The company has a quick ratio of 1.36, a current ratio of 0.17 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of C$0.11 and a two-hundred day moving average price of C$0.16.

Avanti Helium Company Profile

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.