Velan Inc. (TSE:VLN – Get Free Report)’s stock price traded down 20.2% during mid-day trading on Thursday . The company traded as low as C$14.01 and last traded at C$15.00. 110,402 shares traded hands during mid-day trading, an increase of 1,905% from the average session volume of 5,506 shares. The stock had previously closed at C$18.79.
Velan Trading Down 20.2%
The business’s fifty day moving average price is C$18.19 and its 200 day moving average price is C$16.30. The company has a quick ratio of 1.11, a current ratio of 1.34 and a debt-to-equity ratio of 21.78. The firm has a market capitalization of C$323.79 million, a PE ratio of 1,500.00 and a beta of -0.31.
Velan Company Profile
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.
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