Avanti Helium (CVE:AVN) Shares Down 3.1% – What’s Next?

Avanti Helium Corp. (CVE:AVN) traded down 3.1% during trading on Monday . The stock traded as low as C$0.15 and last traded at C$0.16. 189,930 shares changed hands during trading, an increase of 87% from the average session volume of 101,553 shares. The stock had previously closed at C$0.16.

Avanti Helium Price Performance

The company has a current ratio of 0.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The company has a market capitalization of C$15.01 million, a P/E ratio of -1.19 and a beta of 0.91.

Avanti Helium (CVE:AVN) last released its quarterly earnings results on Friday, August 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities analysts predict that Avanti Helium Corp. will post 0.0252443 EPS for the current fiscal year.

Avanti Helium Company Profile

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.