Velocity Minerals (CVE:VLC) Trading Up 38.7%

Velocity Minerals Ltd. (CVE:VLC) shares were up 38.7% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.22. Approximately 204,800 shares were traded during trading, an increase of 610% from the average daily volume of 28,856 shares. The stock had previously closed at C$0.16.

Velocity Minerals Stock Up 29.0 %

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 company has a 50-day simple moving average of C$0.13 and a 200 day simple moving average of C$0.11. The company has a market cap of C$39.26 million, a P/E ratio of -15.00 and a beta of 1.10.

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.