Avanti Helium (CVE:AVN) Trading Down 17.4% – What’s Next?

Avanti Helium Corp. (CVE:AVN) shares dropped 17.4% on Tuesday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 340,735 shares changed hands during trading, an increase of 243% from the average daily volume of 99,368 shares. The stock had previously closed at C$0.12.

Avanti Helium Stock Down 17.4 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.17. The business’s 50 day moving average price is C$0.14 and its 200-day moving average price is C$0.19. The firm has a market capitalization of C$9.20 million, a PE ratio of -0.88 and a beta of 0.91.

Avanti Helium (CVE:AVN) last issued its quarterly earnings results on Friday, August 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that Avanti Helium Corp. will post 0.0252443 earnings per share for the current year.

Avanti Helium Company Profile

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp.