Avanti Helium (CVE:AVN) Shares Down 3.1% – What’s Next?

Avanti Helium Corp. (CVE:AVN)’s share price dropped 3.1% during mid-day trading on Monday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 189,930 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 101,553 shares. The stock had previously closed at C$0.16.

Avanti Helium Stock Performance

The stock has a 50-day moving average of C$0.18 and a 200-day moving average of C$0.24. The firm has a market cap of C$15.01 million, a price-to-earnings ratio of -1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.17.

Avanti Helium (CVE:AVN) last posted its quarterly earnings results on Friday, August 30th. The company reported C($0.01) earnings per share for the quarter. As a group, analysts anticipate that Avanti Helium Corp. will post 0.0252443 EPS for the current fiscal year.

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.