Avanti Helium (CVE:AVN) Shares Down 10.3% – Time to Sell?

Avanti Helium Corp. (CVE:AVNGet Free Report) was down 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 traded hands during mid-day 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 company has a quick ratio of 1.36, a current ratio of 0.16 and a debt-to-equity ratio of 0.99. The firm has a 50-day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19. The company has a market cap of C$31.26 million, a price-to-earnings ratio of -6.50 and a beta of 1.66.

Avanti Helium Company Profile

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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.

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