Shares of Avanti Helium Corp. (CVE:AVN – Get Free Report) shot up 10% on Friday . The company traded as high as C$0.50 and last traded at C$0.49. 177,348 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 508,278 shares. The stock had previously closed at C$0.45.
Avanti Helium Stock Performance
The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.36. The firm has a 50-day moving average price of C$0.45 and a two-hundred day moving average price of C$0.41. The firm has a market capitalization of C$63.73 million, a P/E ratio of -10.53 and a beta of -1.96.
About Avanti Helium
Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.
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