Helium One Global was the most traded share by Hargreaves Lansdown last week.
The company has rocketed higher after announcing potential commercially viable helium encounters in their Tanzanian drilling operations.
HE1 is one of the best-performing shares of 2024, up 866% as of Wednesday’s closing price of 2.42p.
The promise of further progress in Tanzania meant 5.43% of buy trades by HL clients last week were in HE1 shares. Helium One also accounted for 3.3% of sell trades.
More buy trades were placed by Hargreaves Lansdown clients in HE1 last week than Tesla and NVIDIA combined.
Yesterday, the company rallied after announcing a funding round to further develop its Rukwa project.
“The results that we have achieved from the Itumbula West-1 well, flowing helium to surface in such significant concentrations, has confirmed a globally unique helium producing provin,” said Lorna Blaisse, Chief Executive Officer.
Helium is used in a wide range of industrial, military and medical applications.
