Helium One Global (LON:HE1) Shares Down 1.1% – Here’s Why

Helium One Global Ltd (LON:HE1)’s stock price dropped 1.1% during mid-day trading on Tuesday . The company traded as low as GBX 0.43 and last traded at GBX 0.47. Approximately 42,981,656 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 65,510,691 shares. The stock had previously closed at GBX 0.47.

Helium One Global Stock Down 1.1%

The stock’s 50-day moving average price is GBX 0.40 and its 200 day moving average price is GBX 0.50. The firm has a market capitalization of £41.97 million, a price-to-earnings ratio of -4.65 and a beta of 0.12.

About Helium One Global

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. 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.