Royal Helium (CVE:RHC) Stock Price Up 20% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report) shares shot up 20% during mid-day trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 157,900 shares were traded during mid-day trading, a decline of 67% from the average session volume of 485,466 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Performance

The company has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.06. The company has a market capitalization of C$10.73 million, a P/E ratio of -0.60 and a beta of 2.26. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61.

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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