Avanti Helium (CVE:AVN) Stock Price Down 10.3% – Should You Sell?

Avanti Helium Corp. (CVE:AVN) dropped 10.3% during mid-day trading on Thursday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 169,180 shares changed hands during trading, a decline of 58% from the average daily volume of 402,301 shares. The stock had previously closed at C$0.29.

Avanti Helium Stock Performance

The stock has a market cap of C$31.26 million, a P/E ratio of -6.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.16 and a quick ratio of 1.36. The stock’s 50 day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.19.

Avanti Helium Company Profile

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.