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Helium One Global Limited ( (GB:HE1) ) has provided an announcement.
Helium One Global has begun electrical submersible pump testing at its ITW-1 well in the Southern Rukwa Helium Project in Tanzania, marking a key step in appraising its recent helium discovery. Following completion of wireline logging and mobilisation of equipment, the ESP assembly is being deployed to target deeper fractured Basement and Karoo intervals, with the aim of increasing flow rates and enhancing helium production over a two- to three-week testing window, signalling continued operational progress toward commercialising the Rukwa resource.
The most recent analyst rating on (GB:HE1) stock is a Hold with a £0.46 price target. To see the full list of analyst forecasts on Helium One Global Limited stock, see the GB:HE1 Stock Forecast page.
Spark’s Take on GB:HE1 Stock
According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Neutral.
The score is constrained primarily by weak financial performance (no revenue, ongoing losses, and significant cash burn). Offsetting factors include a strong event-driven outlook with first gas and planned near-term sales, plus constructive technical momentum; valuation remains challenged due to negative earnings and no dividend.
To see Spark’s full report on GB:HE1 stock, click here.
More about Helium One Global Limited
Helium One Global Ltd is a helium exploration and development company focused on addressing supply constraints in the global helium market. It is the primary helium explorer in Tanzania, where its flagship Southern Rukwa Project has moved into full appraisal and development after a 2023/24 drilling campaign confirmed a helium discovery at Itumbula West-1. The company also holds a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, which has delivered commercially promising helium and CO2 flows and began bringing initial wells into production in late 2025.
Average Trading Volume: 70,941,084
Technical Sentiment Signal: Sell
Current Market Cap: £41.02M
For a thorough assessment of HE1 stock, go to TipRanks’ Stock Analysis page.