Royal Helium (CVE:RHC) Shares Up 25% – Here’s Why

Shares of Royal Helium Ltd. (CVE:RHC) traded up 25% during trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03. 286,494 shares were traded during trading, a decline of 70% from the average session volume of 940,322 shares. The stock had previously closed at C$0.02.

Royal Helium Stock Down 20.0 %

The firm’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.05. The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89. The company has a market capitalization of C$7.16 million, a price-to-earnings ratio of -0.40 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.