Velocity Minerals (CVE:VLC) Rating Reiterated by Beacon Securities

Velocity Minerals (CVE:VLC)‘s stock had its “buy” rating reissued by stock analysts at Beacon Securities in a report issued on Tuesday, reports.

VLC stock traded up C$0.01 during trading on Tuesday, hitting C$0.50. The company had a trading volume of 37,655 shares, compared to its average volume of 117,863. The company has a debt-to-equity ratio of 52.42, a quick ratio of 14.13 and a current ratio of 14.27. The company has a 50-day simple moving average of C$0.45. Velocity Minerals has a 12 month low of C$0.13 and a 12 month high of C$0.58. The company has a market cap of $47.94 million and a PE ratio of -10.64.

Velocity Minerals Company Profile

Velocity Minerals Ltd. engages in the acquisition, exploration, and evaluation of gold properties internationally. The company has an option to acquire interests in the Rozino and Ekuzya projects, as well as regional exploration in the 163 square kilometers Tintyava property located in Bulgaria. Velocity Minerals Ltd.

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