Vela Technologies (LON:VELA) Shares Up 16.7% – What’s Next?

Vela Technologies PLC (LON:VELAGet Free Report) shares shot up 16.7% during mid-day trading on Monday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 2,607,207 shares were traded during mid-day trading, a decline of 94% from the average session volume of 44,917,969 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Price Performance

The firm has a market capitalization of £1.33 million, a price-to-earnings ratio of -1.01 and a beta of 0.40. The business has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The company has a debt-to-equity ratio of 89.58, a quick ratio of 45.67 and a current ratio of 1.62.

Vela Technologies Company Profile

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Vela Technologies PLC is a venture capital firm specializing in investments in early stage. The firm focuses on pre-IPO technology investments and also invests in hi-tech engineering solutions. It invests in small and medium sized companies based in Europe and United Kingdom. The firm seeks for non-controlling stakes in its portfolio companies.

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