RE: Champagne Feeling ;)16 Aug 2024 18:31
IG - Written by: Axel Rudolph FSTA | Senior Technical Analyst, London
Publication date: Friday 16 August 2024 12:12
Where to next for the Helium One share price?
The highly volatile Helium One share price may soon break out of its June-to-August sideways trading range and has potential upside targets to the 3.70p mark.
Helium One, the UK-based helium exploration and production company focused on exploring and developing helium assets in Tanzania, remains a favourite among stock speculators, having risen by around 484% year-to-date (YTD). There is a strong case to be made that buying shares in Helium One early could prove rewarding. Global helium supplies are declining while demand continues rising steadily in applications like MRI scanners, semiconductors, fibre optics, and rocket propulsion systems. With limited substitutes available for many key uses, helium prices have increased over 250% in the last 20 years. As an early-stage explorer in a region that could become a major new helium province, Helium One is well-positioned to benefit from rising long-term helium demand and pricing.