Shares of Velocys plc (LON:VLS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5.49 ($0.07) and traded as low as GBX 4.71 ($0.06). Velocys shares last traded at GBX 5.02 ($0.07), with a volume of 1,701,104 shares.
Separately, Shore Capital reiterated a “house stock” rating on shares of Velocys in a report on Wednesday, August 25th.
The firm has a market capitalization of £53.32 million and a PE ratio of -4.56. The company has a debt-to-equity ratio of 9.67, a current ratio of 2.14 and a quick ratio of 1.49. The stock has a 50-day moving average price of GBX 4.74 and a 200-day moving average price of GBX 5.49.
Velocys plc operates as a sustainable fuels technology company. It designs, develops, and licenses its Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants. The company has a collaboration with British Airways and Shell for the development of a waste-to-jet-fuel project in the United Kingdom.
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