Velan Inc. (OTCMKTS:VLNSF – Get Free Report)’s share price dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $13.15 and last traded at $13.15. Approximately 100 shares traded hands during trading, a decline of 86% from the average daily volume of 692 shares. The stock had previously closed at $13.30.
Velan Stock Up 0.7%
The company’s 50 day moving average price is $12.38 and its 200 day moving average price is $11.79.
About Velan
Velan Inc is a Canada-based designer and manufacturer of high-performance industrial steel valves for critical applications. The company’s product lineup spans on-off and flow control valves—including gate, globe, check, ball and butterfly designs—tailored to withstand extreme temperatures and high pressure. Velan’s engineering capabilities extend to cryogenic, high-pressure and severe-service environments, meeting stringent requirements for reliability and safety.
Since its founding in 1950, Velan has grown into a global supplier, serving energy, petrochemical, chemical, power generation, nuclear, liquefied natural gas (LNG), pulp and paper, shipbuilding and mining markets.
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