Avanti Helium (CVE:AVN) Stock Price Down 13% – Here’s Why

Avanti Helium Corp. (CVE:AVNGet Free Report)’s share price 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 were traded 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 Price Performance

The company has a quick ratio of 1.36, a current ratio of 0.17 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is C$0.11 and its 200 day moving average is C$0.16. The firm has a market capitalization of C$9.68 million, a price-to-earnings ratio of -0.77 and a beta of 0.91.

About Avanti Helium

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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.

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