Velan Inc. (TSE:VLN – Get Free Report) rose 31.8% on Wednesday . The stock traded as high as C$15.83 and last traded at C$15.50. Approximately 85,944 shares changed hands during mid-day trading, an increase of 240% from the average daily volume of 25,311 shares. The stock had previously closed at C$11.76.
Velan Stock Up 30.4 %
The company has a current ratio of 2.55, a quick ratio of 1.11 and a debt-to-equity ratio of 21.02. The firm has a 50-day moving average of C$11.07 and a 200 day moving average of C$8.73. The stock has a market capitalization of C$92.29 million, a price-to-earnings ratio of -19.16 and a beta of 0.77.
Velan Company Profile
Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
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