Avanti Helium (CVE:AVN) Trading Up 8.3% – Still a Buy?

Shares of Avanti Helium Corp. (CVE:AVN) shot up 8.3% during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.13. 121,940 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 98,781 shares. The stock had previously closed at C$0.12.

Avanti Helium Trading Up 8.3 %

The stock’s 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.17 and a quick ratio of 1.36. The firm has a market capitalization of C$12.59 million, a PE ratio of -1.00 and a beta of 0.91.

Avanti Helium (CVE:AVN) last released its quarterly earnings data on Friday, August 30th. The company reported C($0.01) EPS for the quarter. On average, sell-side analysts expect that Avanti Helium Corp. will post 0.0252443 EPS for the current fiscal 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.