Time To Buy The Dip On $HELI.v First Helium (TSXV: HELI) is in an amazing position right now.
The company recently received $1.87M in proceeds from warrant exercises and is expecting revenue of approximately $1.2M from March well production. Additionally, the company is bringing its newest light oil well into production very soon which should double revenues going forward.
$HELI.v shares saw a sell-off recently, however this is simply because investors have taken gains on the >300% price increase since December. Given the highly optimistic outlook on the company for the near future, I expect shares should blast through all-time highs.
The biggest catalyst to watch for will be production announcements at the new 4-29 well, as well as a confirmation of March’s revenue projections. Also, keep an eye on natural gas prices. Part of the recent dip for $HELI.v could be attributed to the 11% hit the commodity took this week.
$HELI.v is currently trading at $.73 and is valued at $52.98M.
https://ceo.ca/@newswire/first-helium-receives-additional-187-million-in-warrants