Vela Technologies (LON:VELA) Shares Up 16.7% – Here’s Why

Vela Technologies PLC (LON:VELAGet Free Report)’s stock price rose 16.7% during mid-day trading on Tuesday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 196,042,859 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 130,499,875 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Stock Performance

The company has a debt-to-equity ratio of 89.58, a current ratio of 1.62 and a quick ratio of 45.67. The company has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The stock has a market capitalization of £1.33 million, a P/E ratio of -1.01 and a beta of 0.40.

About Vela Technologies

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Vela Technologies PLC is a venture capital firm specializing in investments in early stage. The firm focuses on pre-IPO technology investments and also invests in hi-tech engineering solutions. It invests in small and medium sized companies based in Europe and United Kingdom. The firm seeks for non-controlling stakes in its portfolio companies.

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