New Era Helium Inc. (NASDAQ:NEHC – Get Free Report) shares traded up 3.7% during mid-day trading on Thursday . The company traded as high as $0.40 and last traded at $0.39. 1,713,835 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 874,269 shares. The stock had previously closed at $0.37.
New Era Helium Stock Up 3.7%
The business has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $0.83.
Hedge Funds Weigh In On New Era Helium
An institutional investor recently bought a new position in New Era Helium stock. Adage Capital Partners GP L.L.C. acquired a new position in New Era Helium Inc. (NASDAQ:NEHC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 700,000 shares of the company’s stock, valued at approximately $344,000. Adage Capital Partners GP L.L.C. owned approximately 4.84% of New Era Helium at the end of the most recent quarter. 21.90% of the stock is owned by institutional investors and hedge funds.
New Era Helium Company Profile
New Era Helium, Inc is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The company was founded in 2023 and is headquartered in Midland, TX.
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