Royal Helium Ltd. (CVE:RHC – Get Free Report) dropped 20% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 674,082 shares. The stock had previously closed at C$0.03.
Royal Helium Stock Performance
The stock has a market cap of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26. The business has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.06. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.
About Royal Helium
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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