Shares of Velan Inc. (TSE:VLN – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$18.00 and last traded at C$17.85, with a volume of 21236 shares trading hands. The stock had previously closed at C$17.45.
Velan Stock Up 2.2%
The firm has a market cap of C$385.09 million, a PE ratio of 1,784.00 and a beta of -0.37. The company has a 50-day simple moving average of C$15.92 and a 200-day simple moving average of C$15.38. The company has a debt-to-equity ratio of 21.78, a current ratio of 1.34 and a quick ratio of 1.11.
About Velan
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding.
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