Velocity Minerals Ltd. (CVE:VLC – Get Free Report) fell 2.7% during mid-day trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18. 51,000 shares traded hands during trading, an increase of 49% from the average session volume of 34,312 shares. The stock had previously closed at C$0.19.
Velocity Minerals Price Performance
The company has a quick ratio of 5.93, a current ratio of 4.00 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is C$0.16 and its 200-day moving average is C$0.12. The company has a market cap of C$35.33 million, a PE ratio of -15.00 and a beta of 1.12.
About Velocity Minerals
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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