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Global Helium ( (TSE:HECO) ) has provided an update.
Global Helium Corp. announced the sale of a standing well and associated mineral rights in Montana for USD $300,000 to an independent helium operator. This transaction is expected to improve the company’s liquidity, allowing it to concentrate on its core operations in Canada, thereby potentially strengthening its market position.
More about Global Helium
Global Helium is a Canadian helium exploration and development company focused on the exploration, acquisition, development, and production of helium. The company has established a unique position through a Farm-In Agreement with Rubellite Energy Corp., allowing access to 369,000 acres in Alberta’s Manyberries helium trend via joint venture. Global Helium is supported by a team of seasoned industry professionals and technical experts with connections to North American and international helium buyers.
YTD Price Performance: 25.00%
Average Trading Volume: 48,826
Technical Sentiment Signal: Buy
Current Market Cap: C$1.43M
For a thorough assessment of HECO stock, go to TipRanks’ Stock Analysis page.