Velocity Minerals Ltd. (CVE:VLC – Get Free Report) shares were up 7.9% during mid-day trading on Thursday. The company traded as high as C$0.20 and last traded at C$0.20. Approximately 2,202,500 shares were traded during trading, an increase of 2,816% from the average session volume of 75,534 shares. The stock had previously closed at C$0.19.
Velocity Minerals Stock Performance
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 has a market cap of C$41.95 million, a P/E ratio of -20.50 and a beta of 0.71. The company’s 50 day moving average price is C$0.21 and its 200-day moving average price is C$0.20.
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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