RHC:CC - Helium Shares Close Strongly Following Major Announcement

2023-11-07 16:46:32 ET

The number of reasons that can potentially make stocks move are endless. Whether it’s an earnings release, an FDA approval, or and insider transacting shares, traders decipher and digest the headlines and make a decision on whether the information is bullish or bearish, and then act.

While none of the reasons mentioned above are what caused a certain Canadian energy stock to rally on Tuesday, traders did like to hear that the company has commenced loading purified %Helium into specialized ISO trailers at its Steveville helium purification facility, marking the start of commercial sales from its facility located in Southeastern Alberta, according to a press release.

Shares of %RoyalHelium (TSXV: ) rallied strongly on the news, going on to close at $0.295/share (+7.27%) on Tuesday. This announcement and price move could mark the start of the next big run for this micro cap, but only time will tell on that!

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is the helium leaseholders in North America. Located next to highways, roads, cities and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.