The Canada-listed helium stocks we’ve discovered could rise substantially in 2020
SmallCapPower | May 28, 2020: LNG and helium producer Renergen announced recently that is believes COVID-19 may boost demand for helium in the medium term, as hospitals prepare for future pandemics by expanding facilities that use the gas. Other than balloons, helium has uses in the space industry, where it is used to keep satellite instruments cool and clean out rocket engines. Helium is used as a cooling medium for the Large Hadron Collider (LHC) and the superconducting magnets in medical MRI scanners and a mixture of 80% helium and 20% oxygen is used by deep-sea divers. Helium is also used in fiber optic cables, microscopes, airbags, blimps, and computer chips. Today we have drilled down and found two Canada-listed helium stocks that could rise substantially in the coming months.
*Returns are based on closing stock prices as of May 27, 2020
Royal Helium Ltd. (TSXV:RHC) – $0.08
Royal Helium is a Canada-based company engaged in the exploration and evaluation of helium & other natural gas reserve properties in North America. Royal is currently one of the largest helium leaseholders in North America, with more than 400,000 acres of prospective helium lands. On May 21, 2020, the Company announced that it had begun exploration at the Climax Helium Project in Saskatchewan with the initiation of a triaxial magnetometer survey.
- One-Month Return: 129%
Desert Mountain Energy Corp. (TSXV:DME) – $0.39
Desert Mountain Energy is actively engaged in exploration and development of helium and oil & gas properties in the U.S. southwest. Currently, the Company holds properties in two projects: the Heliopolis helium project in Arizona’s Holbrook Basin; and its Kight Gilcrease Sand Unit oil and gas project in Oklahoma. On May 27, 2020, Desert Mountain Energy announced that it is set to drill the initial two wells of its upcoming helium drill program in Arizona’s Holbrook Basin, which is expected to begin in June 2020.
- One-Month Return: 56%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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