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Helium One Global Limited ( (GB:HE1) ) just unveiled an update.
Helium One Global Ltd has announced the conversion of £1,725,000 from investors into new ordinary shares, with a conversion price set at a 10.6% discount to the closing mid-price. This conversion will result in the issuance of 410,714,286 new shares, increasing the company’s total voting rights to 7,014,526,636. The new shares are expected to be admitted to trading on AIM by 3 September 2025. This development is part of Helium One’s broader strategy to enhance its market position and operational capacity, particularly in light of its successful helium discovery and ongoing projects in Tanzania and Colorado.
Spark’s Take on GB:HE1 Stock
According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Underperform.
Helium One Global’s weak financial performance, characterized by continuous losses and lack of revenue, significantly impacts its stock score. While promising corporate developments offer potential future growth, the current financial instability and negative valuation metrics weigh heavily. Mixed technical indicators add further caution to the outlook.
To see Spark’s full report on GB:HE1 stock, click here.
More about Helium One Global Limited
Helium One Global Ltd is a leading helium exploration company with a significant presence in Tanzania and a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. The company is strategically positioned to address the helium supply constraints with its flagship southern Rukwa Project in Tanzania and its involvement in the Galactica-Pegasus project, which is progressing towards commercial production.
Average Trading Volume: 60,026,375
Technical Sentiment Signal: Sell
Current Market Cap: £33.02M
See more data about HE1 stock on TipRanks’ Stock Analysis page.