Vela Technologies (LON:VELA) Shares Down 20% – Here’s What Happened

Shares of Vela Technologies PLC (LON:VELAGet Free Report) fell 20% on Tuesday . The company traded as low as GBX 0 ($0.00) and last traded at GBX 0 ($0.00). 424,116,719 shares changed hands during trading, an increase of 881% from the average session volume of 43,217,750 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Trading Down 40.0 %

The company has a debt-to-equity ratio of 89.58, a current ratio of 1.62 and a quick ratio of 45.67. The firm has a fifty day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The firm has a market cap of £569,100.00, a P/E ratio of -1.01 and a beta of 0.40.

About Vela Technologies

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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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