New Era Helium Inc (NASDAQ: NEHC) Recovers 101.81% From 52-Week Low, Is NEHC Still A High-Risk, High-Reward Play?

New Era Helium Inc (NASDAQ:NEHC) currently has a daily average trading volume of 225.30K but it saw 161598 shares traded in last market. With a market cap of 58.71M USD, the company’s current market price of $4.46 came falling about -3.67 while comparing to the previous closing price of $4.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.29 and as low as $2.21. In the recent trading on the day, stock has struck highest price mark of $4.45 while lowest mark touched by it was $5.0715.

Taking a look at 20-day trading activity of New Era Helium Inc (NEHC) gives us an average price of $3.99, while its current price level is -63.71% below from 52-week high level whereas it is 101.81% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.80% during that period while stretching the period over a month that increases to 35.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.60 which implies that the stock is in neutral territory.

Over the week, NEHC’s stock price is moving -25.67% down while it is -54.86% when we observe its performance for the past one month. Year-to-date it is -25.67% down and over the past year, the stock is showing a downside performance of -56.74%.

Currently, New Era Helium Inc’s total number of outstanding shares is 4.92M. Company’s return on investment (ROI) stands at -12.05% and return on equity (ROE) at -8.50%. Stock’s beta reads 0.17. Stock has a price to book (P/B) ratio of 1.62. Its return on asset (ROA) is -7.26% on average.