Velocity Minerals Ltd. (CVE:VLC – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$0.16 and last traded at C$0.16, with a volume of 10331 shares. The stock had previously closed at C$0.15.
Velocity Minerals Price Performance
The firm has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.11. The company has a quick ratio of 5.93, a current ratio of 4.00 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of C$31.41 million, a P/E ratio of -15.00 and a beta of 1.10.
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.
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