Velan Inc. (VLN.TO) (TSE:VLN) Shares Gap Down to $6.33

Shares of Velan Inc. (VLN.TO) (TSE:VLN) gapped down prior to trading on Monday . The stock had previously closed at $6.33, but opened at $5.75. Velan Inc. (VLN.TO) shares last traded at $6.01, with a volume of 5,900 shares traded.

The company has a debt-to-equity ratio of 26.13, a quick ratio of 1.07 and a current ratio of 1.96. The firm has a market capitalization of $136.64 million and a P/E ratio of -7.22. The stock’s 50 day simple moving average is C$5.94 and its 200 day simple moving average is C$5.63.

Velan Inc. (VLN.TO) (TSE:VLN) last announced its quarterly earnings results on Thursday, October 8th. The company reported C($0.32) earnings per share for the quarter. The firm had revenue of C$91.82 million for the quarter.

About Velan Inc. (VLN.TO) (TSE:VLN)

Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.

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