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Helium One Global (LON:HE1) Shares Up 12.5% - Should You Buy?

Helium One Global logo with Basic Materials background

Helium One Global Ltd (LON:HE1 - Get Free Report) shares were up 12.5% on Wednesday . The stock traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.91 ($0.01). Approximately 64,569,719 shares were traded during trading, an increase of 49% from the average daily volume of 43,480,445 shares. The stock had previously closed at GBX 0.81 ($0.01).

Helium One Global Trading Down 0.7%

The firm has a 50-day simple moving average of GBX 0.90 and a two-hundred day simple moving average of GBX 0.93. The company has a market capitalization of £69.34 million, a price-to-earnings ratio of -2.56 and a beta of 0.12.

About Helium One Global

(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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