Velocity Minerals Ltd. (CVE:VLC – Get Free Report) rose 7.9% on Thursday. The company traded as high as C$0.20 and last traded at C$0.20. 2,202,500 shares were traded during mid-day trading, an increase of 2,816% from the average session volume of 75,534 shares. The stock had previously closed at C$0.19.
Velocity Minerals Trading Up 7.9%
The company has a market capitalization of C$41.95 million, a P/E ratio of -20.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.00 and a quick ratio of 5.93. The firm has a fifty day moving average price of C$0.21 and a 200-day moving average price of C$0.20.
Velocity Minerals Company Profile
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.
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