Vanadiumcorp Resource (CVE:VRB) Shares Down 16.7% – What’s Next?

by · The Cerbat Gem

Vanadiumcorp Resource Inc (CVE:VRB – Get Free Report)’s share price dropped 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 145,051 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 68,184 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Trading Down 16.7%

The company has a current ratio of 0.10, a quick ratio of 0.06 and a debt-to-equity ratio of 9.31. The stock has a market cap of C$2.85 million, a P/E ratio of -5.00 and a beta of -0.26. The business’s fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.18.

About Vanadiumcorp Resource

(Get Free Report)

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. VanadiumCorp also holds a strategic vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada.

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