New Era Helium Inc (NASDAQ:NEHC) shares, rose in value, with the stock price up by 8.24% to the previous day’s close as strong demand from buyers drove the stock to $0.67.
Actively observing the price movement in the last trading, the stock closed the session at $0.62. Referring to stock’s 52-week performance, its high was $12.29, and the low was $0.53. On the whole, NEHC has fluctuated by -30.21% over the past month.
With the market capitalization of New Era Helium Inc currently standing at about $9.70 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of NEHC currently trading nearly -12.10% and -35.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.92, while the 7-day volatility ratio is showing 4.70% which for the 30-day chart, stands at 5.83%. Furthermore, New Era Helium Inc (NEHC)’s beta value is 0.25, and its average true range (ATR) is 0.13.
A comparison of New Era Helium Inc (NEHC) with its peers suggests the former has fared considerably weaker in the market. NEHC showed an intraday change of 8.24% in last session, and over the past year, it shrunk by -93.71%%.
Data on historical trading for New Era Helium Inc (NASDAQ:NEHC) indicates that the trading volumes over the past 3 months, they’ve averaged 202.13K. According to company’s latest data on outstanding shares, there are 13.95 million shares outstanding.
Nearly 57.07% of New Era Helium Inc’s shares belong to company insiders and institutional investors own 2.14% of the company’s shares. The stock has fallen by -88.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEHC stock heading into the next quarter.
