RE:RE:RHC.V. The only plant in Canada mistake .
It was noted as the first ublic traded company in canada.
Analysts at Research Capital have maintained their ‘Speculative Buy’ rating for Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) on the “positive” news that it has commenced the start-up of its Steveville helium purification facility after completing the commissioning phase.
They have also stuck to their $1.15 price target for the stock.
Royal Helium’s shares jumped 17% to C$0.34 by early afternoon in Toronto.
With start-up now achieved, the analysts noted that Royal Helium is the first publicly traded helium producer in Canada.
“The Steveville project is expected to generate a stable cash flow stream, enabling reinvestment into the development of the company's other helium projects across Saskatchewan and Alberta,” the analysts wrote in a note to clients.
“In addition, the company has assembled a strong team that have the skills and connections to complete additional projects as well as expand into new promising ventures.”