Velocys’ (VLS) “Buy” Rating Reaffirmed at Numis Securities
Separately, Canaccord Genuity reiterated a speculative buy rating and issued a GBX 40 ($0.51) target price on shares of Velocys in a report on Friday, May 4th.
Shares of VLS stock opened at GBX 8.98 ($0.11) on Monday. Velocys has a one year low of GBX 9.27 ($0.12) and a one year high of GBX 65.56 ($0.84).
Velocys plc, together with its subsidiaries, engages in the design, development, marketing, and sale of technology for the production of synthetic fuels. The company offers catalysts with microchannel reactors used in smaller scale gas-to-liquids and biomass-to-liquids plants. It serves renewable fuels, gas monetization, and associated gas markets in Europe, the Americas, and the Asia Pacific regions.
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