New Era Helium Inc. (NASDAQ:NEHC – Get Free Report) shares traded down 2.8% on Wednesday . The company traded as low as $5.0750 and last traded at $5.23. Approximately 2,767,472 shares traded hands during mid-day trading, an increase of 217% from the average session volume of 874,269 shares. The stock had previously closed at $5.38.
New Era Helium Stock Performance
The firm has a fifty day simple moving average of $5.16 and a 200-day simple moving average of $4.99. The firm has a market cap of $72.30 million, a price-to-earnings ratio of -12.18 and a beta of 0.19.
Institutional Trading of New Era Helium
An institutional investor recently raised its stake in New Era Helium stock. Shay Capital LLC increased its stake in shares of New Era Helium Inc. (NASDAQ:NEHC – Free Report) by 114.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 188,930 shares of the company’s stock after buying an additional 100,692 shares during the period. Shay Capital LLC owned 1.31% of New Era Helium worth $86,000 as of its most recent filing with the SEC. 21.90% of the stock is currently owned by institutional investors.
New Era Helium Company Profile
New Era Helium Inc (NASDAQ: NEHC) is a mineral exploration company focused on the identification, acquisition and development of helium-bearing properties. The company’s primary objective is to bring new sources of helium to market, addressing global shortages of this strategic gas used in sectors ranging from healthcare and electronics to aerospace and scientific research.
New Era Helium holds a portfolio of exploration licences and leases in North America and Europe, with a particular emphasis on underexplored basins known to host helium accumulations.
Further Reading
- Five stocks we like better than New Era Helium
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for New Era Helium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Era Helium and related companies with MarketBeat.com's FREE daily email newsletter.
