Vanadiumcorp Resource (CVE:VRB) Shares Down 4.2% – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) was down 4.2% on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 622 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 18,367 shares. The stock had previously closed at C$0.12.

Vanadiumcorp Resource Trading Down 4.2 %

The company has a debt-to-equity ratio of 9.31, a current ratio of 0.10 and a quick ratio of 0.06. The business’s 50-day moving average price is C$0.13 and its two-hundred day moving average price is C$0.11. The company has a market capitalization of C$1.17 million, a price-to-earnings ratio of -6.68 and a beta of 0.52.

About Vanadiumcorp Resource

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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.

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