Avanti Helium (CVE:AVN) Trading Up 16.3% – What’s Next?

Avanti Helium Corp. (CVE:AVNGet Free Report)’s stock price rose 16.3% on Tuesday . The company traded as high as C$0.27 and last traded at C$0.25. Approximately 357,416 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 249,551 shares. The stock had previously closed at C$0.22.

Avanti Helium Stock Performance

The firm’s 50 day moving average is C$0.21 and its 200 day moving average is C$0.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.16. The stock has a market cap of C$30.65 million, a P/E ratio of -6.38 and a beta of 1.36.

Avanti Helium Company Profile

(Get Free Report)

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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