Avanti Helium (CVE:AVN) Shares Down 13% – Here’s Why

Avanti Helium Corp. (CVE:AVNGet Free Report)’s share price traded down 13% during mid-day trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.10. 189,134 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 198,740 shares. The stock had previously closed at C$0.12.

Avanti Helium Trading Down 13.0 %

The firm has a market capitalization of C$9.68 million, a PE ratio of -0.77 and a beta of 0.91. The firm has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.16. 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 Company Profile

(Get Free Report)

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.

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