Helium One Global Ltd (LON:HE1 – Get Free Report) shares rose 19% during trading on Thursday . The company traded as high as GBX 0.58 and last traded at GBX 0.55. Approximately 111,503,414 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 49,745,164 shares. The stock had previously closed at GBX 0.46.
Helium One Global Price Performance
The company has a market capitalization of £49.19 million, a PE ratio of -5.45 and a beta of 0.12. The company has a 50 day moving average of GBX 0.43 and a two-hundred day moving average of GBX 0.44.
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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