Velan (TSE:VLN) Sets New 12-Month High – Should You Buy?

Velan Inc. (TSE:VLNGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$19.00 and last traded at C$18.33, with a volume of 1740 shares trading hands. The stock had previously closed at C$18.30.

Velan Stock Performance

The company has a debt-to-equity ratio of 21.78, a current ratio of 1.34 and a quick ratio of 1.11. The stock has a fifty day simple moving average of C$17.58 and a two-hundred day simple moving average of C$15.94. The firm has a market capitalization of C$400.64 million, a P/E ratio of 1,856.00 and a beta of -0.29.

About Velan

(Get Free Report)

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.

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