Velocity Minerals Ltd. (CVE:VLC – Get Free Report) shares dropped 11.8% on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 86,750 shares were traded during mid-day trading, an increase of 148% from the average daily volume of 34,992 shares. The stock had previously closed at C$0.17.
Velocity Minerals Stock Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.93 and a current ratio of 4.00. The stock has a market cap of C$31.41 million, a PE ratio of -15.00 and a beta of 1.12. The firm has a fifty day moving average price of C$0.17 and a 200 day moving average price of C$0.14.
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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