Helium One Global (LON:HE1) Shares Up 18.6% – What’s Next?

Shares of Helium One Global Ltd (LON:HE1) traded up 18.6% on Tuesday . The stock traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.02 ($0.01). 111,920,023 shares were traded during mid-day trading, an increase of 232% from the average session volume of 33,660,531 shares. The stock had previously closed at GBX 0.86 ($0.01).

Helium One Global Trading Down 2.5 %

The firm has a market capitalization of £58.80 million, a price-to-earnings ratio of -148.75 and a beta of 0.12. The stock has a fifty day moving average price of GBX 0.92 and a 200-day moving average price of GBX 1.06.

Helium One Global Company Profile

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.