Velocity Minerals (CVE:VLC) Trading 5.6% Higher

Velocity Minerals Ltd. (CVE:VLC)’s share price traded up 5.6% during trading on Thursday . The company traded as high as C$0.48 and last traded at C$0.48, 10,000 shares were traded during trading. A decline of 89% from the average session volume of 94,415 shares. The stock had previously closed at C$0.45.

Separately, Beacon Securities reissued a “buy” rating on shares of Velocity Minerals in a research note on Tuesday, August 13th.

The firm has a market capitalization of $42.58 million and a price-to-earnings ratio of -11.05. The business has a 50 day simple moving average of C$0.45 and a 200-day simple moving average of C$0.43. The company has a debt-to-equity ratio of 45.49, a quick ratio of 7.50 and a current ratio of 7.55.

About Velocity Minerals (CVE:VLC)

Velocity Minerals Ltd. engages in the acquisition, exploration, and evaluation of gold properties internationally. The company has an option to acquire interests in the Rozino and Ekuzya projects, as well as regional exploration in the 163 square kilometers Tintyava property located in Bulgaria. Velocity Minerals Ltd.

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