Avanti Helium (CVE:AVN) Shares Down 14.3% – Should You Sell?

Avanti Helium Corp. (CVE:AVN) fell 14.3% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. 125,428 shares were traded during trading, an increase of 24% from the average session volume of 101,292 shares. The stock had previously closed at C$0.14.

Avanti Helium Stock Down 14.3 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.17. The firm’s fifty day simple moving average is C$0.18 and its 200 day simple moving average is C$0.22. The stock has a market capitalization of C$11.62 million, a price-to-earnings ratio of -0.92 and a beta of 0.91.

Avanti Helium (CVE:AVN) last issued its quarterly earnings data on Friday, August 30th. The company reported C($0.01) EPS for the quarter. On average, sell-side analysts forecast that Avanti Helium Corp. will post 0.0252443 earnings per share for the current 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.