Helium One Global (LON:HE1) Stock Price Up 1.2% – Still a Buy?

Helium One Global Ltd (LON:HE1Get Free Report) shares traded up 1.2% on Monday . The company traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.02 ($0.01). 47,028,340 shares were traded during mid-day trading, an increase of 5% from the average session volume of 44,708,703 shares. The stock had previously closed at GBX 1.01 ($0.01).

Helium One Global Price Performance

The firm’s 50 day simple moving average is GBX 0.95 and its 200-day simple moving average is GBX 0.97. The company has a market cap of £75.88 million, a price-to-earnings ratio of -2.80 and a beta of 0.12.

Helium One Global Company Profile

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Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.

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