Helium One Global (LON:HE1) Hits New 52-Week Low - What's Next?

Key Points

• Helium One Global Ltd shares reached a new 52-week low of GBX 0.72 ($0.01), closing at GBX 0.80 ($0.01) with significant trading volume.
• The company has a market cap of £59.46 million and a P/E ratio of -2.19, indicating challenging financial conditions.
• Helium One holds prospecting licences in Tanzania, specifically at the Rukwa, Balangida, and Eyasi project areas, which may help address a helium supply shortage.

Shares of Helium One Global Ltd (LON:HE1 - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 0.72 ($0.01) and last traded at GBX 0.80 ($0.01), with a volume of 80225695 shares. The stock had previously closed at GBX 0.75 ($0.01).

Helium One Global Stock Up 0.5%

The firm has a market cap of £54.55 million, a P/E ratio of -2.01 and a beta of 0.12. The stock's 50-day moving average is GBX 0.88 and its 200-day moving average is GBX 0.92.

About Helium One Global

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.