Avanti Helium Corp. (V:AVN)
Business Focus: Oil & Gas Exploration and Production (NEC)
Rain as of April 01, 2024
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Company News
Apr 17, 2024 08:13 ET
AVANTI HELIUM CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Investment by Chris Bakker
Apr 10, 2024 16:54 ET
AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $676,908
CALGARY, AB, April 10, 2024 /CNW/ - Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) ("Avanti" or the "Company") is pleased to announce that, further to its press releases dated March 20, 2024 and April 4, 2024, it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Offering") of units ("Units") of the Company by issuing 1,692,269 Units at a price of $0.40 per Unit for aggregate gross proceeds of $676,908. Each Unit is comprised of one (1) common share of the Company (a "Share") and one (1) Share purchase warrant (a "Warrant"), with
Valuation Ratios
Industry
Sector
Beta
1.23
--
--
Price to Sales - TTM
--
3.19
3.41
Price to Book - most recent quarter
1.06
1.40
1.77
Price to Cash Flow per share - TTM
--
4.87
5.71
Price to Free Cash Flow per share - TTM
--
16.45
17.10
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 36,540 | 17,168 |
| Mar 31, 2024 | 19,372 | -7,346 |
| Mar 15, 2024 | 26,718 | 11,337 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
Avanti Helium Corp. is a Canada-based gas exploration company. The Company is focused on helium exploration and development resources across Western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an area of approximately 78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian. The Leader project area, located in southwest Saskatchewan, contains three helium exploration permits for a total of approximately 63,000 acres. The permits were identified and acquired, based on the Company's detailed geological models and technical assessment. Its targeted zones are the Devonian Souris River and Cambrian Deadwood SS with known helium concentrations up to 1.4% and nitrogen up to approximately 98%.
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