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

Key Points

• Helium One Global shares reached a new 52-week low of GBX 0.65 ($0.01), with a notable trading volume of over 47 million shares.
• The company's current market cap stands at £52.03 million, with a P/E ratio of -1.92 indicating negative earnings.
• Helium One holds prospecting licences in three areas in Tanzania, positioning itself to address a supply-constrained helium market.

Shares of Helium One Global Ltd (LON:HE1 - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.70 ($0.01), with a volume of 47051242 shares traded. The stock had previously closed at GBX 0.69 ($0.01).

Helium One Global Stock Performance

The company has a 50-day moving average price of GBX 0.88 and a two-hundred day moving average price of GBX 0.92. The stock has a market capitalization of £48.31 million, a P/E ratio of -1.78 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.