Avanti Helium (CVE:AVN) Trading 26.3% Higher – Here’s What Happened

Avanti Helium Corp. (CVE:AVN)’s share price rose 26.3% on Friday . The company traded as high as C$0.25 and last traded at C$0.24. Approximately 500,218 shares traded hands during mid-day trading, an increase of 262% from the average daily volume of 138,125 shares. The stock had previously closed at C$0.19.

Avanti Helium Price Performance

The stock’s 50-day moving average price is C$0.17 and its 200 day moving average price is C$0.18. The firm has a market cap of C$29.45 million, a price-to-earnings ratio of -6.13 and a beta of 1.66. The company has a quick ratio of 1.36, a current ratio of 0.16 and a debt-to-equity ratio of 0.99.

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. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.