Velan (TSE:VLN) Reaches New 52-Week High – What’s Next?

Velan Inc. (TSE:VLN)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$18.00 and last traded at C$17.73, with a volume of 36266 shares changing hands. The stock had previously closed at C$17.35.

Velan Trading Up 0.4 %

The company has a 50-day moving average of C$11.58 and a 200 day moving average of C$9.11. The company has a debt-to-equity ratio of 21.02, a current ratio of 2.55 and a quick ratio of 1.11. The company has a market cap of C$103.06 million, a PE ratio of -21.40 and a beta of 0.77.

Velan Company Profile

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.