New Era Helium Inc. (NASDAQ:NEHC – Get Free Report) fell 25.6% during trading on Friday. The company traded as low as $1.5850 and last traded at $1.63. Approximately 19,068,019 shares traded hands during mid-day trading, an increase of 2,081% from the average daily volume of 874,269 shares. The stock had previously closed at $2.19.
New Era Helium Price Performance
The stock has a market cap of $29.96 million, a price-to-earnings ratio of -5.05 and a beta of 0.19. The firm has a 50 day simple moving average of $4.83 and a two-hundred day simple moving average of $4.99.
About New Era Helium
New Era Helium, Inc is a helium exploration and development company focused on identifying, acquiring and advancing helium resources in the United States. Helium is used in medical imaging, semiconductor manufacturing, aerospace, scientific research and other specialized applications.
The company’s activities center on evaluating prospective helium-bearing properties and developing the infrastructure needed to extract, process and market helium. Its strategy is focused on building a domestic helium business through exploration, production and related midstream operations.
New Era Helium is a publicly traded company listed on the Nasdaq Capital Market under the symbol NEHC.
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