Helium One Global (LON:HE1) Shares Up 10% – Time to Buy?

Helium One Global Ltd (LON:HE1Get Free Report) shares shot up 10% on Friday . The company traded as high as GBX 0.33 ($0.00) and last traded at GBX 0.33 ($0.00). 18,820,084 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 59,134,922 shares. The stock had previously closed at GBX 0.30 ($0.00).

Helium One Global Stock Performance

The company has a market cap of £22.45 million, a price-to-earnings ratio of -136.00 and a beta of 0.12. The stock’s fifty day simple moving average is GBX 0.59 and its two-hundred day simple moving average is GBX 0.81.

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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