Avanti Helium (CVE:AVN) Shares Down 13% – Here’s What Happened

Shares of Avanti Helium Corp. (CVE:AVN) traded down 13% during mid-day trading on Saturday . The company traded as low as C$0.10 and last traded at C$0.10. 189,134 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 198,740 shares. The stock had previously closed at C$0.12.

Avanti Helium Stock Down 13.0 %

The firm’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.16. 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 company has a market cap of C$9.68 million, a P/E ratio of -0.77 and a beta of 0.91.

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.