Vanadiumcorp Resource (CVE:VRB) Stock Price Down 16.7% – Here’s What Happened

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) was down 16.7% on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 248,631 shares were traded during trading, an increase of 260% from the average daily volume of 69,053 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Stock Performance

The stock has a market capitalization of C$2.85 million, a P/E ratio of -5.00 and a beta of -0.26. The company has a 50 day simple moving average of C$0.24 and a 200-day simple moving average of C$0.18. 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

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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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