Helium One Global Ltd (LON:HE1 – Get Free Report) dropped 2% during mid-day trading on Thursday . The stock traded as low as GBX 0.49 and last traded at GBX 0.49. Approximately 26,246,059 shares were traded during mid-day trading, a decline of 74% from the average session volume of 102,152,453 shares. The stock had previously closed at GBX 0.50.
Helium One Global Price Performance
The firm has a 50-day simple moving average of GBX 0.57 and a 200 day simple moving average of GBX 0.55. The company has a market capitalization of £48.31 million, a PE ratio of -5.44 and a beta of 0.07.
Helium One Global Company Profile
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. The assets lie near surface seeps with helium concentrations ranging up to 10.6% helium by volume. All Helium One’s licences are held on a 100% equity basis.
The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km2 in south-west Tanzania.
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