Helium One Global (LON:HE1) Trading Down 5.2% – Here’s Why

Helium One Global Ltd (LON:HE1)’s share price was down 5.2% during trading on Tuesday . The stock traded as low as GBX 0.88 ($0.01) and last traded at GBX 0.88 ($0.01). Approximately 31,384,328 shares changed hands during trading, an increase of 6% from the average daily volume of 29,602,475 shares. The stock had previously closed at GBX 0.93 ($0.01).

Helium One Global Stock Down 5.2 %

The company has a fifty day moving average of GBX 0.96 and a two-hundred day moving average of GBX 1.11. The stock has a market capitalization of £52.01 million, a price-to-earnings ratio of -148.75 and a beta of 0.12.

Helium One Global Company Profile

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.