Vanadiumcorp Resource (CVE:VRB) Reaches New 52-Week Low – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRB) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 88700 shares. The stock had previously closed at C$0.12.

Vanadiumcorp Resource Stock Down 8.7%

The stock has a market capitalization of C$2.06 million, a price-to-earnings ratio of -3.50 and a beta of -0.21. The business has a fifty day moving average of C$0.13 and a 200 day moving average of C$0.18. The company has a debt-to-equity ratio of 6.34, a current ratio of 0.18 and a quick ratio of 0.06.

Vanadiumcorp Resource Company Profile

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.