New Era Helium Inc. (NASDAQ:NEHC – Get Free Report) shot up 1.1% during trading on Tuesday . The company traded as high as $5.06 and last traded at $4.9050. 5,770,180 shares were traded during mid-day trading, an increase of 560% from the average session volume of 874,269 shares. The stock had previously closed at $4.85.
New Era Helium Trading Down 2.6%
The firm has a market capitalization of $64.84 million, a PE ratio of -10.93 and a beta of 0.19. The business has a 50-day moving average of $4.57 and a 200 day moving average of $4.67.
Institutional Investors Weigh In On New Era Helium
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of New Era Helium during the 3rd quarter valued at $28,000. Shay Capital LLC increased its position in shares of New Era Helium by 114.1% during the 3rd quarter. Shay Capital LLC now owns 188,930 shares of the company’s stock valued at $86,000 after purchasing an additional 100,692 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of New Era Helium during the 2nd quarter valued at $344,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.
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.
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