Royal Helium (CVE:RHC) Trading Down 20% – Here’s What Happened

Shares of Royal Helium Ltd. (CVE:RHC) were down 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 300,477 shares were traded 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 Price Performance

The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89. The stock has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06. The firm has a market cap of C$7.16 million, a PE ratio of -0.40 and a beta of 2.26.

Royal Helium Company Profile

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.