Royal Helium (CVE:RHC) Shares Down 33.3% – Time to Sell?

Royal Helium Ltd. (CVE:RHCGet Free Report)’s share price was down 33.3% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,463,166 shares changed hands during trading, an increase of 202% from the average daily volume of 485,291 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06. The company has a market capitalization of C$8.95 million, a price-to-earnings ratio of -0.50 and a beta of 2.26. The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89.

Royal Helium Company Profile

(Get Free Report)

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.

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