Velocity Minerals Ltd. (CVE:VLC – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$0.25 and last traded at C$0.17, with a volume of 425000 shares trading hands. The stock had previously closed at C$0.16.
Velocity Minerals Trading Up 3.0 %
The company has a debt-to-equity ratio of 0.42, a current ratio of 4.00 and a quick ratio of 5.93. The company has a market cap of C$33.37 million, a price-to-earnings ratio of -15.00 and a beta of 1.10. The business has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.11.
Velocity Minerals Company Profile
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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