Royal Helium (CVE:RHC) Trading 20% Higher – Here’s What Happened

Royal Helium Ltd. (CVE:RHC)’s stock price was up 20% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 157,900 shares changed hands during trading, a decline of 67% from the average daily volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Up 20.0 %

The company has a market cap of C$10.73 million, a P/E ratio of -0.60 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61. The company has a 50 day moving average of C$0.04 and a 200-day 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.