Helium One Global (LON:HE1) Shares Down 5.9% – Here’s What Happened

Shares of Helium One Global Ltd (LON:HE1) traded down 5.9% during trading on Thursday . The stock traded as low as GBX 0.39 ($0.01) and last traded at GBX 0.40 ($0.01). 35,837,992 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 52,179,371 shares. The stock had previously closed at GBX 0.43 ($0.01).

Helium One Global Stock Down 5.9%

The stock’s 50 day moving average price is GBX 0.73 and its two-hundred day moving average price is GBX 0.86. The stock has a market cap of £23.69 million, a price-to-earnings ratio of -160.00 and a beta of 0.12.

Helium One Global Company Profile

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country.