Shares of Helium One Global Ltd (LON:HE1 – Get Free Report) rose 26.5% during trading on Wednesday. The stock traded as high as GBX 0.40 and last traded at GBX 0.39. 150,708,563 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 74,937,859 shares. The stock had previously closed at GBX 0.31.
Helium One Global Trading Up 26.5%
The stock’s 50-day moving average price is GBX 0.38 and its two-hundred day moving average price is GBX 0.49. The stock has a market capitalization of £38.16 million, a P/E ratio of -4.30 and a beta of 0.07.
Helium One Global Company Profile
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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