Vanadiumcorp Resource (CVE:VRB) Shares Down 16.7% – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report)’s stock price fell 16.7% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. 145,051 shares were traded during mid-day trading, an increase of 113% from the average session volume of 68,184 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Price Performance

The firm has a market capitalization of C$3.35 million, a price-to-earnings ratio of -5.88 and a beta of -0.26. The stock’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.18. The company has a current ratio of 0.10, a quick ratio of 0.06 and a debt-to-equity ratio of 9.31.

About Vanadiumcorp Resource

(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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