Shares of Velan Inc. (OTCMKTS:VLNSF – Get Free Report) shot up 4.7% during trading on Thursday . The stock traded as high as $4.50 and last traded at $4.50. 250 shares traded hands during trading, a decline of 89% from the average session volume of 2,225 shares. The stock had previously closed at $4.30.
Velan Stock Performance
The company’s 50-day moving average is $4.29 and its 200 day moving average is $4.17.
About Velan
Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
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