Shares of Velan Inc. (OTCMKTS:VLNSF – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.62 and traded as low as $10.85. Velan shares last traded at $10.85, with a volume of 100 shares trading hands.
Velan Stock Performance
The business’s 50 day simple moving average is $12.53 and its 200-day simple moving average is $11.62.
Velan Company Profile
Velan Inc is a Canada-based designer and manufacturer of high-performance industrial steel valves for critical applications. The company’s product lineup spans on-off and flow control valves—including gate, globe, check, ball and butterfly designs—tailored to withstand extreme temperatures and high pressure. Velan’s engineering capabilities extend to cryogenic, high-pressure and severe-service environments, meeting stringent requirements for reliability and safety.
Since its founding in 1950, Velan has grown into a global supplier, serving energy, petrochemical, chemical, power generation, nuclear, liquefied natural gas (LNG), pulp and paper, shipbuilding and mining markets.
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