Royal Helium (CVE:RHC) Trading 18.2% Higher

Royal Helium Ltd. (CVE:RHC)’s stock price traded up 18.2% during trading on Monday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,287,186 shares changed hands 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 Stock Performance

The company’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.10. The stock has a market cap of C$21.47 million, a P/E ratio of -1.20 and a beta of 2.19. The company has a current ratio of 0.25, a quick ratio of 0.61 and a debt-to-equity ratio of 68.89.

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

Insiders Place Their Bets

In other news, Senior Officer David Thomas Young sold 1,095,208 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$0.07, for a total transaction of C$71,188.52. 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.