Avanti Helium (CVE:AVN) Trading 31.8% Higher – What’s Next?

Avanti Helium Corp. (CVE:AVN) shares were up 31.8% during mid-day trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 569,915 shares were traded during trading, an increase of 545% from the average daily volume of 88,397 shares. The stock had previously closed at C$0.11.

Avanti Helium Stock Up 31.8 %

The company has a current ratio of 0.16, a quick ratio of 1.36 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.13. The firm has a market capitalization of C$16.54 million, a PE ratio of -1.29 and a beta of 0.91.

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.