Helio Resource (CVE:HRC) Shares Down 30.8%

Shares of Helio Resource Corp (CVE:HRC) traded down 30.8% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09, 19,500 shares were traded during mid-day trading. An increase of 10% from the average session volume of 17,785 shares. The stock had previously closed at C$0.13.

The company has a market capitalization of $2.92 million and a price-to-earnings ratio of -1.70. The business has a 50 day moving average price of C$0.11 and a 200-day moving average price of C$0.08.

Helio Resource Company Profile (CVE:HRC)

Helio Resource Corp. engages in the exploration and development of gold properties in Tanzania. It holds interests in the Saza Makongolosi project covering 238 square kilometers located in the Lupa Goldfield, southwest Tanzania. The company is headquartered in Vancouver, Canada.

Further Reading: Oversold

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