Velocys (VLS) Stock Price Up 2.5%
Velocys PLC (LON:VLS)’s share price rose 2.5% on Friday . The stock traded as high as GBX 5.75 ($0.08) and last traded at GBX 5.66 ($0.07). Approximately 449,297 shares traded hands during trading, a decline of 75% from the average daily volume of 1,770,000 shares. The stock had previously closed at GBX 5.52 ($0.07).
VLS has been the subject of several research reports. Numis Securities reaffirmed a “buy” rating on shares of Velocys in a research note on Monday, September 10th. Canaccord Genuity decreased their price target on shares of Velocys from GBX 40 ($0.52) to GBX 25 ($0.33) and set a “speculative buy” rating for the company in a research note on Monday, September 10th.
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Velocys plc, a renewable fuels company, focuses on the production of renewable jet and diesel fuels from forestry by-products for road transport and aviation industries primarily in the United States. The company was formerly known as Oxford Catalysts Group PLC and changed its name to Velocys plc in September 2013.
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