Royal Helium Ltd. (CVE:RHC – Get Free Report) shares dropped 16.7% during trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 233,144 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 484,445 shares. The stock had previously closed at C$0.03.
Royal Helium Stock Down 16.7 %
The company has a market capitalization of C$8.95 million, a P/E ratio of -0.50 and a beta of 2.26. The company has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.06. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.
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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