$RHC Featured in Canaccord's Helium Market Overview Canaccord recently released a helium market overview. They highlight a few key points about the industry and why it’s important to get in early rather than later.
- Inelastic demand with a healthy growth forecast, a 3%-5% annual growth rate
- Supply gap emerging and an uncertain global supply (tensions in Europe with Russia and Qatar’s embargo)
- North American producers are well-positioned to take advantage of the supply gap
- Alongside the increase in prices (up around 500% since 2016), investor sentiment and interest in the industry has grown as well
$RHC.V was one of the company’s Canaccord featured in the overview with a bullish sentiment. The fact that they're getting very close to production on their land is making me excited. Plus, $RHC recently announced the addition of John Styles as the company’s completion and production coordinator.
With helium prices continuing to rise, $RHC is in an incredibly unique position. $17M in cash, great well economics, and large underground resources will make today's price look like nothing in the future. Overall, the stock has been pushing out of the 52-week low, currently sitting at $0.39 with a market cap of $55M. I'm expecting to see further upward momentum to continue into the 0.40’s and higher once we get a catalyst from the news. GLTA!