LONDON, July 5, 2026, 15:07 BST
- Quantum Helium finished a one-for-100 share consolidation July 3, slashing its share count to 499.85 million from 49.99 billion.
- The AIM stock ended Friday at 3.075p after the split, up about 0.82%. Some data screens, still using the old 0.0305p reference, showed a jump of nearly 9,982%.
- Investors shift focus from balance sheet concerns to the Sagebrush-1 test results. Quantum reported 2.5% helium gas and an unanticipated oil find.
Quantum Helium Ltd (LON:QHE) starts the week with its AIM listing showing a higher share price after a one-for-100 share consolidation. The move made it appear as if QHE was one of London’s top risers on Friday, but the stock’s actual adjusted gain was marginal, leaving traders with a muddled tape.
AIM closed on Sunday. Quantum saw its first session for the consolidated stock on Friday, ending at 3.075p. Bid finished at 3.05p, ask at 3.10p. 2.6 million shares changed hands. The market cap stood just under 15.4 million pounds.
Shareholders signed off on the share consolidation July 1, the company said, with 93% of proxy votes backing the move. Every 100 old ordinary shares were replaced by one new share, dropping issued share capital to 499,853,967 shares from 49,985,396,722. The company updated its ISIN to AU0000473282 and SEDOL to BRCFQ25.
The London Stock Exchange’s AIM notice on July 3 updated Quantum’s security line to 499,853,967 ordinary shares with no par value fully paid. That’s down from 49,985,396,722 reported before.
| QHE price read-through | Raw screen comparison | Split-adjusted comparison |
|---|---|---|
| Used previous close | 0.0305p | 3.05p |
| Friday’s close | 3.075p | 3.075p |
| Implied one-day change | +9,981.97% | +0.82% |
| Investor takeaway | Data reset distortion | Minor uptick |
The difference is key since a reverse split doesn’t add value on its own. It lowers the number of shares and raises the price per share at the same ratio, aside from any rounding and what happens in post-split trading. In June, Quantum said each investor’s stake would be the same after the move, except for fractional shares and possible changes to warrants or convertibles.
Quantum shares finished Friday ahead of the AIM market. AJ Bell put Quantum up 0.82% on July 3, while the FTSE AIM All Share slipped 0.17%. According to Hargreaves Lansdown, the FTSE 100 added 0.25%, and QHE traded at 3.05p to sell, 3.10p to buy.
| Friday performance | Move | Note |
|---|---|---|
| Quantum Helium | +0.82% | Change after consolidation |
| FTSE AIM All Share | -0.17% | AJ Bell data |
| FTSE 100 | +0.25% | HL data |
The next price move depends less on the split and more on Sagebrush-1 in Colorado. Back in June, Quantum said its extended production test had confirmed helium-bearing gas at about 2.5%, well over the industry’s typical 0.3% to 1.0% levels. The company also reported more than 80 barrels of oil from the Leadville Formation.
Chief Executive Howard McLaughlin said early results “exceeded our expectations in several key areas”. He added the programme aims to find the best engineering route to produce the helium resource, “not proving its existence”. Proactiveinvestors UK
Quantum said it will move ahead with more perforations, commingle upper Leadville intervals, recover fluids, and put in a rod pump and pumpjack. The company will send production, pressure, and fluid data—including the new oil potential—to Sproule ERCE for review.
Sagebrush reported it produced 2,482 barrels in the first quarter of 2026, down from 2,645 barrels in the prior quarter. The company posted gross revenue of $108,288 before royalties, taxes and other costs, with an average realised oil price of $57.44 a barrel. That gives the market a second metric besides helium grade.
Quantum said Sproule has verified over 1 billion cubic feet of gross prospective helium at Sagebrush and Coyote Wash. Sagebrush oil brought in roughly $617,000 in gross revenue for 2025, plus $108,000 more during the first quarter of 2026.
Oak Securities started coverage in June, giving the stock a “buy” and a risked target price of 0.064p before consolidation, or 6.4p after the one-for-100 share reset. With shares closing at 3.075p on Friday, that’s about 108% upside from current levels on a split-adjusted basis, down a bit from the 113% upside they called at launch. Proactiveinvestors UK
| Week-ahead item | Market read |
|---|---|
| Post-consolidation trading | Markets watch if the 3.05p-3.10p spread holds or tightens after reset |
| Sagebrush-1 data | Sproule now has the flow, pressure and fluid data for checks |
| Oil potential | The new Leadville oil output was missing in prior resource work |
| U.S. OTC review | Quantum said any U.S. listing is still in early stages with no decision yet |
