Velan Inc. (TSE:VLN – Get Free Report)’s stock price fell 20.2% on Thursday . The stock traded as low as C$14.01 and last traded at C$15.00. 110,402 shares changed hands during mid-day trading, an increase of 1,905% from the average session volume of 5,506 shares. The stock had previously closed at C$18.79.
Velan Price Performance
The business’s fifty day simple moving average is C$18.12 and its 200 day simple moving average is C$16.29. The firm has a market capitalization of C$318.83 million, a price-to-earnings ratio of 1,477.00 and a beta of -0.31. The company has a debt-to-equity ratio of 21.78, a current ratio of 1.34 and a quick ratio of 1.11.
About Velan
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.
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