Helium One Global (LON:HE1) Trading 21.4% Higher – Should You Buy?

Helium One Global Ltd (LON:HE1Get Free Report) traded up 21.4% during trading on Monday . The company traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.44 ($0.01). 224,447,328 shares traded hands during trading, an increase of 228% from the average session volume of 68,336,211 shares. The stock had previously closed at GBX 0.36 ($0.00).

Helium One Global Stock Performance

The firm has a market cap of £28.89 million, a price-to-earnings ratio of -172.00 and a beta of 0.12. The business’s 50 day moving average price is GBX 0.43 and its 200 day moving average price is GBX 0.73.

Helium One Global Company Profile

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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.

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