Royal Helium (CVE:RHC) Trading Up 14.3% – Here’s What Happened

Royal Helium Ltd. (CVE:RHCGet Free Report) shares were up 14.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 148,196 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 478,651 shares. The stock had previously closed at C$0.04.

Royal Helium Price Performance

The firm has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.07. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The company has a market cap of C$14.31 million, a PE ratio of -0.70 and a beta of 2.26.

Royal Helium (CVE:RHCGet Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$0.72 million during the quarter.

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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