Shares of Helium One Global Ltd (LON:HE1 – Get Free Report) rose 13.4% during mid-day trading on Friday . The company traded as high as GBX 0.72 and last traded at GBX 0.72. Approximately 58,361,094 shares traded hands during trading, a decline of 47% from the average daily volume of 110,597,273 shares. The stock had previously closed at GBX 0.64.
Helium One Global Stock Performance
The firm has a market cap of £63.00 million, a price-to-earnings ratio of -6.98 and a beta of 0.12. The business has a fifty day moving average of GBX 0.48 and a two-hundred day moving average of GBX 0.44.
About Helium One Global
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.
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