Vanadiumcorp Resource (CVE:VRB) Shares Down 23.5% – Here’s What Happened

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) shares were down 23.5% during trading on Thursday . The company traded as low as C$0.25 and last traded at C$0.26. Approximately 369,417 shares were traded during trading, an increase of 443% from the average daily volume of 68,035 shares. The stock had previously closed at C$0.34.

Vanadiumcorp Resource Trading Down 23.5%

The company has a quick ratio of 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 9.31. The firm has a market cap of C$3.71 million, a price-to-earnings ratio of -6.50 and a beta of -0.12. The business has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.14.

Vanadiumcorp Resource Company Profile

(Get Free Report)

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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