Velocity Minerals (CVE:VLC) Hits New 1-Year Low at $0.09

Velocity Minerals Ltd. (CVE:VLCGet Free Report) shares hit a new 52-week low on Thursday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 1032 shares traded. The stock had previously closed at C$0.10.

Velocity Minerals Stock Performance

The firm has a market capitalization of C$17.66 million, a price-to-earnings ratio of -9.00 and a beta of 0.95. The stock’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.10. The company has a quick ratio of 5.93, a current ratio of 3.93 and a debt-to-equity ratio of 0.57.

Insider Buying and Selling

In other news, insider Robert Charles Kopple bought 2,500,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of C$0.04 per share, for a total transaction of C$100,000.00. 52.34% of the stock is owned by corporate insiders.

About Velocity Minerals

(Get Free Report)

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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