Velocys PLC (LON:VLS)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a report released on Wednesday. They presently have a GBX 114 ($1.49) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 300.00% from the company’s current price.

Shares of Velocys PLC (LON:VLS) opened at 28.50 on Wednesday. The firm’s 50-day moving average is GBX 29.08 and its 200-day moving average is GBX 31.20. The company’s market cap is GBX 40.83 million. Velocys PLC has a 12 month low of GBX 25.00 and a 12 month high of GBX 90.00.

Velocys PLC Company Profile

Velocys plc (Velocys) is a United Kingdom-based small scale gas-to-liquids (GTL) company. The Company is engaged in the design and development of technology for the production of liquid products, such as clean synthetic diesel and jet fuel from both conventional fossil fuels and renewable sources, such as bio-waste.

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