Helium One Global (LON:HE1) Shares Up 3.1% – Here’s Why

Helium One Global Ltd (LON:HE1)’s share price shot up 3.1% during mid-day trading on Wednesday . The company traded as high as GBX 0.89 ($0.01) and last traded at GBX 0.89 ($0.01). 35,389,219 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 32,007,379 shares. The stock had previously closed at GBX 0.87 ($0.01).

Helium One Global Trading Up 3.1 %

The firm has a fifty day moving average of GBX 0.93 and a two-hundred day moving average of GBX 1.08. The company has a market capitalization of £52.72 million, a PE ratio of -148.75 and a beta of 0.12.

About Helium One Global

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.