Avanti Helium (CVE:AVN) Shares Up 28.9% – Time to Buy?

Avanti Helium Corp. (CVE:AVNGet Free Report)’s share price shot up 28.9% on Friday . The company traded as high as C$0.25 and last traded at C$0.25. 602,624 shares traded hands during mid-day trading, an increase of 209% from the average session volume of 195,008 shares. The stock had previously closed at C$0.19.

Avanti Helium Trading Up 26.3%

The company has a market cap of C$28.85 million, a PE ratio of -6.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.16 and a quick ratio of 1.36. The company has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.18.

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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