Vanadiumcorp Resource (CVE:VRB) Shares Down 17.5% – Here’s What Happened

Shares of Vanadiumcorp Resource Inc (CVE:VRBGet Free Report) fell 17.5% on Tuesday . The company traded as low as C$0.15 and last traded at C$0.17. 419,415 shares changed hands during trading, an increase of 143% from the average session volume of 172,695 shares. The stock had previously closed at C$0.20.

Vanadiumcorp Resource Stock Performance

The stock has a market capitalization of C$2.42 million, a PE ratio of -4.25 and a beta of 0.34. The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.06 and a current ratio of 0.10. The firm has a 50 day moving average of C$0.23 and a 200-day moving average of C$0.18.

About Vanadiumcorp Resource

(Get Free Report)

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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