Royal Helium (CVE:RHC) Shares Up 20% – Here’s What Happened

Royal Helium Ltd. (CVE:RHC) shares shot up 20% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 157,900 shares were traded during mid-day trading, a decline of 67% from the average session volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Up 20.0 %

The business has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.06. The stock has a market capitalization of C$10.73 million, a PE ratio of -0.60 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a quick ratio of 0.61 and a current ratio of 0.25.

Royal Helium Company Profile

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.