Velocity Minerals (CVE:VLC) Shares Down 3% – Here’s What Happened

Velocity Minerals Ltd. (CVE:VLCGet Free Report) shares were down 3% on Thursday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 99,500 shares were traded during trading, an increase of 151% from the average daily volume of 39,647 shares. The stock had previously closed at C$0.17.

Velocity Minerals Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.93 and a current ratio of 4.00. The stock’s fifty day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.15. The stock has a market capitalization of C$31.41 million, a P/E ratio of -15.00 and a beta of 1.12.

Velocity Minerals Company Profile

(Get Free Report)

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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