Shares of Vanadiumcorp Resource Inc (CVE:VRB – Get Free Report) dropped 11.1% on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 115,724 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 170,336 shares. The stock had previously closed at C$0.14.
Vanadiumcorp Resource Price Performance
The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.06 and a current ratio of 0.10. The business’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.18. The stock has a market cap of C$1.71 million, a price-to-earnings ratio of -3.00 and a beta of -0.24.
Vanadiumcorp Resource Company Profile
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. VanadiumCorp also holds a strategic vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada.
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