Avanti Helium (CVE:AVN) Stock Price Up 2.2% – Time to Buy?

Avanti Helium Corp. (CVE:AVN)’s share price traded up 2.2% during trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.23. 136,570 shares changed hands during trading, a decline of 56% from the average session volume of 307,382 shares. The stock had previously closed at C$0.23.

Avanti Helium Stock Performance

The firm has a market cap of C$27.65 million, a price-to-earnings ratio of -5.75 and a beta of 1.36. The stock’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.36 and a current ratio of 0.16.

Avanti Helium Company Profile

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.