Shares of Velocity Minerals Ltd. (CVE:VLC – Get Free Report) hit a new 52-week high on Monday. The company traded as high as C$0.24 and last traded at C$0.24, with a volume of 52,505 shares changing hands. The stock had previously closed at C$0.21.
Velocity Minerals Trading Up 2.3%
The company has a fifty day moving average of C$0.21 and a two-hundred day moving average of C$0.20. The company has a current ratio of 4.00, a quick ratio of 5.93 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of C$46.04 million, a price-to-earnings ratio of -22.50 and a beta of 0.71.
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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