Royal Helium (CVE:RHC) Trading Up 10%

Royal Helium Ltd. (CVE:RHC)’s share price rose 10% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 1,470,867 shares changed hands during trading, an increase of 183% from the average daily volume of 520,356 shares. The stock had previously closed at C$0.05.

Royal Helium Stock Performance

The stock’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.12. The company has a market capitalization of C$24.46 million, a price-to-earnings ratio of -0.83 and a beta of 2.29. The company has a current ratio of 0.19, a quick ratio of 0.61 and a debt-to-equity ratio of 80.39.

Royal Helium (CVE:RHC) last posted its quarterly earnings results on Friday, May 17th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$0.82 million during the quarter.

Insiders Place Their Bets

In related news, Senior Officer David Thomas Young sold 1,095,208 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$0.07, for a total value of C$71,188.52. 3.34% of the stock is owned by company insiders.

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.