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

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report)’s share price traded down 23.5% during trading on Thursday . The stock traded as low as C$0.25 and last traded at C$0.26. 369,417 shares changed hands during mid-day trading, an increase of 443% from the average session volume of 68,035 shares. The stock had previously closed at C$0.34.

Vanadiumcorp Resource Trading Down 23.5%

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

Vanadiumcorp Resource Company Profile

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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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