Vanadiumcorp Resource (CVE:VRB) Shares Down 14.9% – Time to Sell?

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report)’s share price dropped 14.9% during trading on Monday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 129,305 shares changed hands during mid-day trading, an increase of 87% from the average daily volume of 69,285 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Stock Performance

The company has a quick ratio of 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 9.31. The stock has a market capitalization of C$2.85 million, a P/E ratio of -5.00 and a beta of -0.26. The business has a fifty day moving average price of C$0.23 and a 200-day moving average price of C$0.18.

Vanadiumcorp Resource Company Profile

(Get Free Report)

VanadiumCorp has developed a new technology to produce reusable vanadium electrolyte directly and sustainably from virtually any source for perpetual use in vanadium batteries. Jointly developed with Electrochem Technologies and Materials Inc “VEPT” eliminates the carbon footprint and high cost associated with global vanadium supply. VanadiumCorp also holds a strategic vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada.

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