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Helium One Global Limited ( (GB:HE1) ) has issued an announcement.
Helium One Global Ltd has issued 1,341,463 ordinary shares to a service provider in lieu of cash payment, with these shares expected to be admitted to trading on AIM by June 4, 2025. This move will increase the company’s issued share capital to 5,922,768,359 ordinary shares, impacting shareholder calculations under UK financial regulations. The issuance reflects Helium One’s strategic financial management as it continues to develop its helium projects, potentially strengthening its market position in the helium industry.
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 an AIM-listed Tanzanian explorer focused on helium prospecting. The company holds licenses across two project areas, Rukwa and Eyasi, with significant helium concentrations, and aims to address the supply-constrained helium market. Its flagship Rukwa Project in Tanzania is advancing to the appraisal stage after successful exploration and helium discovery. Helium One also has a 50% interest in the Galactica-Pegasus helium project in Colorado, USA.
Average Trading Volume: 45,657,190
Technical Sentiment Signal: Sell
Current Market Cap: £51.22M
See more insights into HE1 stock on TipRanks’ Stock Analysis page.