Shares of Velan Inc. (OTCMKTS:VLNSF – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.64 and traded as low as $10.6650. Velan shares last traded at $10.6650, with a volume of 725 shares changing hands.
Velan Price Performance
The stock’s 50 day moving average is $12.44 and its 200-day moving average is $11.64.
Velan Company Profile
Velan Inc is a Canada-based designer and manufacturer of high-performance industrial steel valves for critical applications. The company’s product lineup spans on-off and flow control valves—including gate, globe, check, ball and butterfly designs—tailored to withstand extreme temperatures and high pressure. Velan’s engineering capabilities extend to cryogenic, high-pressure and severe-service environments, meeting stringent requirements for reliability and safety.
Since its founding in 1950, Velan has grown into a global supplier, serving energy, petrochemical, chemical, power generation, nuclear, liquefied natural gas (LNG), pulp and paper, shipbuilding and mining markets.
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