Helium One Global Ltd (LON:HE1 – Get Free Report) rose 4.7% during trading on Wednesday . The stock traded as high as GBX 0.63 and last traded at GBX 0.63. Approximately 82,780,773 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 127,983,070 shares. The stock had previously closed at GBX 0.60.
Helium One Global Price Performance
The business’s 50-day simple moving average is GBX 0.56 and its two-hundred day simple moving average is GBX 0.45. The stock has a market capitalization of £62.37 million, a price-to-earnings ratio of -6.91 and a beta of 0.07.
About Helium One Global
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.
Further Reading
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