Royal Helium (CVE:RHC) Shares Up 18.2%

Royal Helium Ltd. (CVE:RHC) shares shot up 18.2% during trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 1,287,186 shares were traded during mid-day trading, an increase of 141% from the average session volume of 534,959 shares. The stock had previously closed at C$0.06.

Royal Helium Price Performance

The stock has a market capitalization of C$26.84 million, a price-to-earnings ratio of -1.30 and a beta of 2.19. The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.10. The company has a debt-to-equity ratio of 68.89, a current ratio of 0.25 and a quick ratio of 0.61.

Royal Helium (CVE:RHC) last announced its earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.72 million during the quarter.

Insider Transactions at Royal Helium

In other news, Senior Officer David Thomas Young sold 1,095,208 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$0.07, for a total transaction of C$71,188.52. Corporate insiders own 3.25% of the company’s stock.

Royal Helium Company Profile

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.