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Helium One Global Limited ( (GB:HE1) ) has issued an announcement.
Helium One Global Ltd announced successful flow test results from the Jackson-29 well in the Galactica-Pegasus project, indicating promising helium concentrations and flow rates. The project, part of a joint venture with Blue Star Helium, is expected to enhance Helium One’s position in the helium market, with potential stabilised flow rates between 350 and 450 Mcfd, and a maximum of 550 Mcfd, supporting the commercial viability of the project.
Spark’s Take on GB:HE1 Stock
According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Neutral.
Helium One Global Limited’s overall stock score is significantly impacted by its weak financial performance and negative valuation metrics. However, promising corporate developments, such as successful drilling projects and a new mining license, offer potential upside. Technical analysis suggests mixed momentum, warranting caution.
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 has a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA. Helium One aims to address the supply-constrained helium market and is advancing its flagship Rukwa Project, which has shown promising helium discoveries.
YTD Price Performance: 2.78%
Average Trading Volume: 47,019,372
Technical Sentiment Signal: Strong Buy
Current Market Cap: £54.77M
See more data about HE1 stock on TipRanks’ Stock Analysis page.