Vanadiumcorp Resource (CVE:VRB) Stock Price Down 16.7% – Here’s Why

Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) was down 16.7% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 248,631 shares were traded during trading, an increase of 261% from the average daily volume of 68,950 shares. The stock had previously closed at C$0.24.

Vanadiumcorp Resource Price Performance

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$3.35 million, a PE ratio of -5.88 and a beta of -0.26. The company’s 50 day moving average is C$0.24 and its 200-day moving average is C$0.18.

About Vanadiumcorp Resource

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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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