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Helium One Global (LON:HE1) Stock Price Down 8.8% - Should You Sell?

Helium One Global logo with Basic Materials background

Key Points

  • Helium One Global's stock experienced an 8.8% decline on Monday, with trading prices dropping to as low as GBX 0.66 before closing at GBX 0.73.
  • Trading volume surged to 98,992,672 shares, indicating a 123% increase from the average session volume of 44,388,379 shares.
  • The company, an AIM-listed explorer in Tanzania, holds licenses for helium prospecting across three projects, aiming to address supply issues in the helium market.
  • MarketBeat previews top five stocks to own in September.

Shares of Helium One Global Ltd (LON:HE1 - Get Free Report) were down 8.8% during trading on Monday . The company traded as low as GBX 0.66 ($0.01) and last traded at GBX 0.73 ($0.01). Approximately 98,992,672 shares traded hands during trading, an increase of 123% from the average daily volume of 44,388,379 shares. The stock had previously closed at GBX 0.80 ($0.01).

Helium One Global Trading Down 7.1%

The stock's fifty day moving average is GBX 0.88 and its two-hundred day moving average is GBX 0.92. The firm has a market cap of £48.31 million, a P/E ratio of -1.78 and a beta of 0.12.

Helium One Global Company Profile

(Get Free Report)

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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