$HELI.v will be a beacon of light in otherwise bleak market Two things have me keeping a close eye on First Helium (TSXV: HELI). First, the company is currently planning to drill two new helium targets at its already lucrative Worsley Property. Second, First Helium shares are currently seeing a rebound from historic report at $.51 after making a bearish descent from all-time highs of $.85.
The establishment of new helium wells has consistently proven to be a bullish catalyst for $HELI.v shares. The first announcement of flow rates from the inaugural well at Worsley sent shares on a bullish trajectory, leading to a gain of over 300%. These two additional wells have the potential to increase the company’s monthly revenue by over $1 million if flow rates are consistent with its current producing wells.
Really excited to hear updates from $HELI.v, as the company is in a very strong cash-positive position and updates on its two new wells are expected any day now.
$HELI.v is currently trading at $.51, valued at $37.01 million.
https://ceo.ca/@newswire/first-helium-to-drill-two-helium-targets-at-worsley