Watch For $HELI.v To Make A Big Bounce! After taking a steep dive, First Helium (TSXV: HELI) shares have reached oversold territory not seen since before shares went on a meteoric 251% bullish run. With share price also approaching historic support, it’s looking like a strong rebound may be incoming.
$HLEI.v recently brought its second well into production at the Worsley property in SK and anticipates April revenues to be around $1.4 million from the two wells.
Looking forward, strong oil production and cash flow from the company's early exploration successes in the hydrocarbon-rich Worsley area will enable it to focus on its primary goal of helium exploration and development.
With any luck, we should see $HLEI.v retest all-time highs this month and push beyond. $HELI.v is currently trading at $.5 and is valued at $36.29 million.
https://ceo.ca/@newswire/4-29-well-brought-on-stream-in-april