Velocity Minerals (CVE:VLC) Reaches New 12-Month Low at $0.09

Velocity Minerals Ltd. (CVE:VLC) shares hit a new 52-week low on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 9000 shares changing hands. The stock had previously closed at C$0.09.

Velocity Minerals Stock Up 5.6 %

The company has a market cap of C$18.63 million, a P/E ratio of -4.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 5.93. The company’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.11.

About Velocity Minerals

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.