Avanti Helium (CVE:AVN) Shares Up 30% – What’s Next?

Avanti Helium Corp. (CVE:AVNGet Free Report) shot up 30% during trading on Saturday . The company traded as high as C$0.27 and last traded at C$0.26. 1,104,999 shares changed hands during trading, an increase of 651% from the average session volume of 147,094 shares. The stock had previously closed at C$0.20.

Avanti Helium Stock Performance

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 firm has a market cap of C$29.65 million, a P/E ratio of -5.20 and a beta of 0.38. The firm’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.11.

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.

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