Velan Inc. (OTCMKTS:VLNSF – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.12 and traded as high as $11.42. Velan shares last traded at $11.42, with a volume of 1,800 shares trading hands.
Velan Stock Up 3.8%
The business’s 50 day moving average price is $11.12 and its 200-day moving average price is $11.02.
About Velan
Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
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