Royal Helium Ltd. (CVE:RHC – Get Free Report)’s share price dropped 20% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 622,640 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 839,481 shares. The stock had previously closed at C$0.03.
Royal Helium Stock Performance
The stock has a market capitalization of C$7.16 million, a price-to-earnings ratio of -0.40 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. The stock has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.05.
About Royal Helium
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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