Avanti Helium (CVE:AVN) Trading 26.3% Higher – Still a Buy?

Shares of Avanti Helium Corp. (CVE:AVN) were up 26.3% during trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 500,218 shares traded hands during trading, an increase of 262% from the average daily volume of 138,125 shares. The stock had previously closed at C$0.19.

Avanti Helium Stock Performance

The company has a market cap of C$28.85 million, a price-to-earnings ratio of -6.00 and a beta of 1.66. 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’s fifty day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.18.

About Avanti Helium

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.