Zaks comments today....25 Jun 2024 15:38
..... Helix Exploration (HEX), the helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, announced its unaudited interim results for the six month period ended 31 March 2024.
Author @ZaksTradersCafe
HEX said its recent acquisition of Rudyard represents an important opportunity for Helix Exploration. It is a proven helium discovery with 480 million cubic feet of Contingent Resources that have an in-situ value of >$250m.
Comment: The share price doubling since the IPO, being fully funded, and with the latest Rudyard $250m value acquisition under its belt, HEX shares look well supported. They are even better supported if one factors in Oak Securities price target upgrade from 39p to 93p, over four times the current share price.