Helium One Global (LON:HE1) Trading 18.6% Higher – Here’s What Happened

Helium One Global Ltd (LON:HE1Get Free Report)’s share price was up 18.6% on Tuesday . The stock traded as high as GBX 1.05 ($0.01) and last traded at GBX 1.02 ($0.01). Approximately 111,920,023 shares changed hands during mid-day trading, an increase of 232% from the average daily volume of 33,660,531 shares. The stock had previously closed at GBX 0.86 ($0.01).

Helium One Global Stock Up 18.6 %

The firm has a market capitalization of £60.28 million, a PE ratio of -148.75 and a beta of 0.12. The firm’s 50-day simple moving average is GBX 0.92 and its 200-day simple moving average is GBX 1.07.

Helium One Global Company Profile

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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.

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