Helium One Global Reports Positive Flow Test Results at Jackson-27 Well

Helium One Global Limited ( (GB:HE1) ) has provided an update.

Helium One Global Ltd announced promising results from the Jackson-27 well in the Galactica Project, Colorado, with natural flow rates reaching 320 Mcfd and potential stabilised rates up to 550 Mcfd. This development, part of a joint venture with Blue Star Helium, highlights the project’s potential to enhance helium production, positioning Helium One as a strategic player in the helium market. The results also underscore the high permeability and quality of the Upper Lyons Sandstone Formation, which is crucial for future development and economic planning.

Spark’s Take on GB:HE1 Stock

According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Underperform.

Helium One Global Limited’s stock score is primarily impacted by weak financial performance due to continuous losses and lack of revenue. Valuation metrics are negative, reflecting poor profitability prospects. However, promising corporate events suggest potential future growth, which partially offsets the financial weaknesses. Mixed technical indicators add 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 company focused on helium exploration in Tanzania and the United States. The company holds prospecting licenses in Tanzania’s Rukwa and Eyasi projects, with significant helium concentrations, and a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA. Helium One aims to address the supply-constrained helium market and has recently advanced its Rukwa Project to the appraisal stage following successful exploration and well testing.

YTD Price Performance: 11.11%

Average Trading Volume: 47,592,300

Technical Sentiment Signal: Buy

Current Market Cap: £59.21M

For a thorough assessment of HE1 stock, go to TipRanks’ Stock Analysis page.