Avanti Helium (CVE:AVN) Shares Down 9.1% – Here’s What Happened

Avanti Helium Corp. (CVE:AVN)’s share price dropped 9.1% on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 126,648 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 111,213 shares. The stock had previously closed at C$0.11.

Avanti Helium Trading Down 9.1 %

The company’s 50 day simple moving average is C$0.11 and its 200-day simple moving average is C$0.16. The firm has a market cap of C$9.68 million, a P/E ratio of -0.77 and a beta of 0.91. The company has a quick ratio of 1.36, a current ratio of 0.17 and a debt-to-equity ratio of 0.99.

About Avanti Helium

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.