Velocity Minerals Ltd. (CVE:VLC – Get Free Report) shot up 5.9% during mid-day trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. 11,000 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 53,980 shares. The stock had previously closed at C$0.17.
Velocity Minerals Stock Up 5.9 %
The firm has a market cap of C$35.33 million, a PE ratio of -15.00 and a beta of 1.12. The company has a 50-day simple moving average of C$0.17 and a 200-day simple moving average of C$0.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.00 and a quick ratio of 5.93.
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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