Vanadiumcorp Resource (CVE:VRB) Stock Price Down 5.9% – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) shares were down 5.9% during trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 6,500 shares traded hands during trading, a decline of 52% from the average daily volume of 13,511 shares. The stock had previously closed at C$0.17.

Vanadiumcorp Resource Stock Down 5.9 %

The company has a current ratio of 0.10, a quick ratio of 0.06 and a debt-to-equity ratio of 9.31. The business’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.08. The firm has a market cap of C$13.31 million, a P/E ratio of -8.00 and a beta of 0.52.

About Vanadiumcorp Resource

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VanadiumCorp has developed a new technology to produce reusable vanadium electrolyte directly and sustainably from virtually any source for perpetual use in vanadium batteries. Jointly developed with Electrochem Technologies and Materials Inc “VEPT” eliminates the carbon footprint and high cost associated with global vanadium supply.

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