Vanadiumcorp Resource (CVE:VRB) Trading Down 19.1% – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) traded down 19.1% during trading on Monday . The company traded as low as C$0.19 and last traded at C$0.19. 143,107 shares changed hands during trading, an increase of 106% from the average session volume of 69,469 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Price Performance

The company’s 50-day moving average is C$0.23 and its 200-day moving average is C$0.18. The firm has a market capitalization of C$2.99 million, a price-to-earnings ratio of -5.25 and a beta of -0.26. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.10 and a quick ratio of 0.06.

Vanadiumcorp Resource Company Profile

(Get Free Report)

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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