2MC Stock Overview

Engages in the acquisition, exploration, development, and production of helium, petroleum, and natural gas property interests in Alberta, Canada. More details

2MC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Has not reported any financial data

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (€10M)

Highly volatile share price over the past 3 months compared to the German market

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First Helium Inc. Competitors

Petro Matad

DB:HA3

€15.6m

Deutsche Rohstoff

XTRA:DR0

€194.3m

Criterium Energy

TSXV:CEQ

CA$8.7m

Westgate Energy

TSXV:WGT

CA$8.6m

Price History & Performance

Summary of share price highs, lows and changes for First Helium
Historical stock prices
Current Share Price	CA$0.04
52 Week High	CA$0.059
52 Week Low	CA$0.015
Beta	0
1 Month Change	8.11%
3 Month Change	90.48%
1 Year Change	66.67%
3 Year Change	-84.73%
5 Year Change	n/a
Change since IPO	-77.38%

Recent updates

Shareholder Returns

	2MC	DE Oil and Gas	DE Market
7D	17.6%	-1.4%	-1.3%
1Y	66.7%	-12.9%	14.9%

Return vs Industry: 2MC exceeded the German Oil and Gas industry which returned -10.7% over the past year.

Return vs Market: 2MC exceeded the German Market which returned 19.3% over the past year.

Price Volatility

Is 2MC's price volatile compared to industry and market?
2MC volatility
2MC Average Weekly Movement	27.8%
Oil and Gas Industry Average Movement	5.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 2MC's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 2MC's weekly volatility (28%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2016	n/a	Ed Bereznicki	www.firsthelium.com

First Helium Inc. engages in the acquisition, exploration, development, and production of helium, petroleum, and natural gas property interests in Alberta, Canada. The company holds a 100% interest in the Worsley Property project located in the Worsley Trend, Northern Alberta. First Helium Inc. was incorporated in 2016 and is headquartered in Calgary, Canada.

First Helium Inc. Fundamentals Summary

How do First Helium's earnings and revenue compare to its market cap?
2MC fundamental statistics
Market cap	€6.45m
Earnings (TTM)	€0
Revenue (TTM)	n/a

n/a

P/E Ratio

n/a

P/S Ratio

Is 2MC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2MC income statement (TTM)
Revenue	€0
Cost of Revenue	€0
Gross Profit	€0
Other Expenses	€0
Earnings	€0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)	0
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.0%

How did 2MC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/20 16:10
End of Day Share Price	2025/02/20 00:00
Earnings	N/A
Annual Earnings	N/A

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Helium Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

2MC Stock Overview

Risk Analysis

First Helium Inc. Competitors

DB:HA3

€15.6m

XTRA:DR0

€194.3m

TSXV:CEQ

CA$8.7m

TSXV:WGT

CA$8.6m

Price History & Performance

Recent News & Updates

First Helium Inc. Completes Drilling 7-15 Well & Cases for Completion and Testing

First Helium Inc. Spuds 7-15 Exploration Well

First Helium Inc. Completes Drilling 7-30 Well & Cases for Completion and Testing

First Helium Spuds 7-30 Undeveloped Light Oil Well At Worsley

First Helium Inc. Secures Rig to Drill Two Wells Targeting Leduc Light Oil At Worsley

First Helium Licenses First of Two Wells Targeting Leduc Light Oil at Worsley

Recent updates

First Helium Inc. Completes Drilling 7-15 Well & Cases for Completion and Testing

First Helium Inc. Spuds 7-15 Exploration Well

First Helium Inc. Completes Drilling 7-30 Well & Cases for Completion and Testing

First Helium Spuds 7-30 Undeveloped Light Oil Well At Worsley

First Helium Inc. Secures Rig to Drill Two Wells Targeting Leduc Light Oil At Worsley

First Helium Licenses First of Two Wells Targeting Leduc Light Oil at Worsley

First Helium Confirms Plans for Sequential Drilling of Two Oil Targets

First Helium Reviewing Potential Follow Up Targets to Leduc Anomaly Drill

First Helium Inc. Initiates Process to License & Drill the Leduc Anomaly

First Helium Inc. announced that it has received CAD 3.64 million in funding

First Helium Inc. announced that it has received CAD 3.64 million in funding

First Helium Inc. announced that it expects to receive CAD 2.5 million in funding

First Helium Inc., Annual General Meeting, Dec 11, 2024

First Helium Inc. Identifies Significant New 3D Seismic Structure At Worsley Property

First Helium Inc. announced that it has received CAD 3.30865 million in funding

First Helium Inc. announced that it has received CAD 3.30865 million in funding

First Helium Inc. Prepares for Oil Target Drill Testing and Prioritizes Additional Drilling Targets

First Helium Inc. announced that it expects to receive CAD 2.5 million in funding

First Helium Inc., Annual General Meeting, Nov 28, 2023

New major risk - Market cap size

First Helium Inc. Provides an Update on Its Recently Completed 5,200 Acre Proprietary 3D Seismic Program over A Portion of Its Most Recently Acquired Lands At Worsley

President recently bought €420m worth of stock

First Helium Inc. Commences 3D Seismic Program At Worsley

First Helium Inc. announced that it has received CAD 2.4384 million in funding

First Helium Inc. announced that it expects to receive CAD 2 million in funding

First Helium Inc. announced that it expects to receive CAD 2 million in funding

First Helium Inc. Provides an Update on Operating Activities At Its Worsley Property

First Helium Inc., Annual General Meeting, Nov 02, 2022

First Helium Inc. Completes Drilling and Cases 14-23 Horizontal Well

First Helium Inc. Adds over 500,000 Barrels of Total Proved + Probable Light Oil Reserves At Worsley

First Helium Inc. Commences Drilling "14-23" Helium Target

First Helium Inc. Licenses Third Exploration Well at Worsley

First Helium Receives $1.2 Million for April Oil Production Deliveries

First Helium Inc. to Drill Two Helium Targets At Worsley

First Helium Inc. Announces "4-29" Well Brought On-Stream in April

First Helium Inc. Announces Successful Drilling, Completion and Testing of Its 4-29 Light Oil Discovery Well

First Helium Inc. Announces 1-30 Oil Well Production Update

First Helium Inc. Announces Commencement of Drilling At Its Second Exploration Well, 4-29 Target

First Helium Inc. Provides A Drilling Update

First Helium Inc. (TSXV:HELI) acquired Additional Strategic Production Infrastructure at Worsley.

First Helium Inc. Highlights Exclusive Option to Access over 880,000 Acres of Highly Prospective Southern Alberta Land

First Helium Inc. Completes Preliminary Engineering Study of the Infrastructure Requirements to Bring its Worsley Discovery Well into Production

First Helium Inc. Confirms 3 Drilling Locations Adjacent to its Helium Discovery Well for Fall Program