Vanadiumcorp Resource (VRB) Trading Up 5.6%
Vanadiumcorp Resource Inc (CVE:VRB) shares were up 5.6% on Monday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 123,240 shares traded hands during trading, a decline of 57% from the average daily volume of 283,876 shares. The stock had previously closed at C$0.09.
The company has a quick ratio of 0.35, a current ratio of 0.56 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $20.61 million and a P/E ratio of -8.18.
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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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