Helium One Global (LON:HE1) Trading Down 0.4% – Here’s What Happened

Helium One Global Ltd (LON:HE1Get Free Report) shares traded down 0.4% during trading on Wednesday . The stock traded as low as GBX 0.42 and last traded at GBX 0.45. 11,087,012 shares changed hands during trading, a decline of 78% from the average session volume of 50,861,664 shares. The stock had previously closed at GBX 0.45.

Helium One Global Trading Down 0.4%

The company has a fifty day moving average of GBX 0.42 and a 200-day moving average of GBX 0.45. The stock has a market cap of £40.44 million, a PE ratio of -4.48 and a beta of 0.12.

About Helium One Global

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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.

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