Total Helium Ltd (OTCMKTS:TTLHF) Stock Continues To Trend Lower: But Why?
As the world speeds up towards natural resources of energy, many might not be aware of the fact that helium is one such resource. It is a non-renewable gas and can be deployed towards a range of industrial as well as scientific applications.
On Wednesday, TTLHF stock slid 2.76% to $0.3600 with more than 5.14K shares, compared to volume of 13.73K shares. The stock moved within a range of $0.3600 – 0.3728 after opening trade at $0.3728.
The World’s Supplies Of The Non-Renewable Resource Helium Are Running Out – Total Helium (OTCQB: TTLHF) Says It Has The Solution
The production of helium in the United States is not a particularly great space at this point and that makes Total Helium Ltd (OTCMKTS:TTLHF) an interesting proposition for a number of investors. The company is involved in working hard in order to keep the United States and the rest of the world from running short of helium supply. The global helium suppliers are primarily based out of Russia, United States, Algeria and Qatar.
There was a time when the United States dominated this market and back in 2010, it supplied 80% of the world’s helium. However, in 2018, it plunged to 56%. That had come about due to the United States Helium Reserve’s decision to sell off most of its reserves for a quarter of a century. In 2022, the global helium market was worth as much as $4.4 billion and by 2027 it could be valued at $6.4 billion, representing CAGR of 6% in the period. Hence, it may be a good time to start tracking Total Helium.