Velocity Minerals (CVE:VLC) Trading Down 4.3% – Time to Sell?

Velocity Minerals Ltd. (CVE:VLC)’s stock price fell 4.3% on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. 530 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 82,958 shares. The stock had previously closed at C$0.23.

Velocity Minerals Price Performance

The stock has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.19. The firm has a market capitalization of C$43.39 million, a P/E ratio of -22.00 and a beta of 0.69. The company has a quick ratio of 5.93, a current ratio of 4.00 and a debt-to-equity ratio of 0.42.

About Velocity Minerals

Velocity Minerals Ltd., a gold exploration and development company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Bulgaria. It explores for gold and copper deposits. The company holds 70% interest in the Tintyava property, which includes the Rozino gold project located in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria; the Momchil property, which includes the Obichnik gold project located within the municipality of Momchilgrad in southeast, Bulgaria; and a 100% interest in the Iglika property covering an area of 105 square kilometers located in southeast Bulgaria.