Velocity Minerals (CVE:VLC) Trading Down 3% – What’s Next?

Shares of Velocity Minerals Ltd. (CVE:VLC) fell 3% on Thursday . The company traded as low as C$0.16 and last traded at C$0.16. 99,500 shares traded hands during trading, an increase of 151% from the average session volume of 39,647 shares. The stock had previously closed at C$0.17.

Velocity Minerals Trading Down 3.0 %

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$31.41 million, a P/E ratio of -15.00 and a beta of 1.12. The company has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.15.

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.