Vanadiumcorp Resource (CVE:VRB) Reaches New 52-Week Low – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRB)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 1820 shares changing hands. The stock had previously closed at C$0.09.

Vanadiumcorp Resource Price Performance

The business’s fifty day moving average price is C$0.09 and its 200-day moving average price is C$0.10. The company has a market capitalization of C$2.01 million, a P/E ratio of -1.42 and a beta of -0.27. The company has a current ratio of 0.34, a quick ratio of 0.06 and a debt-to-equity ratio of 4.14.

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.