Royal Helium (CVE:RHC) Stock Price Down 20% – Should You Sell?

Royal Helium Ltd. (CVE:RHC) shares traded down 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 622,640 shares were traded during trading, a decline of 26% from the average session volume of 839,481 shares. The stock had previously closed at C$0.03.

Royal Helium Price Performance

The stock has a market cap of C$7.16 million, a price-to-earnings ratio of -0.40 and a beta of 2.26. The stock’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.05. The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89.

About Royal Helium

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.