Velocity Minerals Ltd. (CVE:VLC – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 9000 shares. The stock had previously closed at C$0.09.
Velocity Minerals Stock Performance
The stock’s 50-day moving average is C$0.10 and its 200-day moving average is C$0.11. The stock has a market cap of C$18.63 million, a price-to-earnings ratio of -4.50 and a beta of 0.96. The company has a current ratio of 3.13, a quick ratio of 5.93 and a debt-to-equity ratio of 0.63.
Velocity Minerals Company Profile
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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