Vanadiumcorp Resource (CVE:VRB) Reaches New 12-Month Low – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12, with a volume of 18021 shares changing hands. The stock had previously closed at C$0.11.

Vanadiumcorp Resource Stock Performance

The stock has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.18. The company has a quick ratio of 0.06, a current ratio of 0.18 and a debt-to-equity ratio of 6.34. The company has a market cap of C$1.64 million, a price-to-earnings ratio of -2.88 and a beta of -0.21.

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.