Helium Shortages Not Getting Better + 7% Breakout Today Helium has been in low supply for over a year due to its nature as a highly used, non-renewable element. It’s used in rapidly expanding industries such as semiconductor manufacturing, MRI operation, aerospace, etc. Because of the extensive use and low supply, the prices have risen exponentially over the past few years and even the past few weeks. I just read an article about how two of the largest producers are temporarily out of commission which has caused prices to rise by nearly 50% in the past few weeks.
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Due to this supply crunch, I've been watching $RHC.V (Royal Helium). They're a Canadian helium company with a project focus in Saskatchewan. $RHC has some impressive features.
- Green helium with little to no hydrocarbons as a byproduct
- 10 current wells on over 1M acres of land on 2 major discoveries, Climax, Ogema, and, a recent unexpected discovery, Nazare.
- Has drilling and production permits with plans to begin producing this quarter
- $1.85 price target from Eight Capital
Overall, $RHC is a company to watch. The stock is having a big breakout up 7% to $0.38, coming off near 52-week low levels. This could be a sign that an uptrend is starting to form because of its undervalued nature relative to peers. With production expected to come soon, make sure to keep this on the watchlist.