Velocity Minerals Ltd. (CVE:VLC – Get Free Report) shares traded up 10% on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 77,000 shares were traded during trading, an increase of 27% from the average daily volume of 60,823 shares. The stock had previously closed at C$0.20.
Velocity Minerals Stock Performance
The company has a market capitalization of C$45.00 million, a PE ratio of -22.00 and a beta of 0.79. The business’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.21. The company has a current ratio of 4.00, a quick ratio of 5.93 and a debt-to-equity ratio of 0.42.
Velocity Minerals Company Profile
Velocity Minerals Ltd., a gold exploration and development company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Bulgaria. It explores for gold and copper deposits. The company holds 70% interest in the Tintyava property, which includes the Rozino gold project located in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria; the Momchil property, which includes the Obichnik gold project located within the municipality of Momchilgrad in southeast, Bulgaria; and a 100% interest in the Iglika property covering an area of 105 square kilometers located in southeast Bulgaria.
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