Vela Technologies (LON:VELA) Trading Down 16.7% – Should You Sell?

Vela Technologies PLC (LON:VELAGet Free Report)’s stock price dropped 16.7% during mid-day trading on Tuesday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 1,471,499 shares changed hands during trading, a decline of 96% from the average daily volume of 38,121,438 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Stock Performance

The stock’s 50-day moving average is GBX 0.01 and its 200-day moving average is GBX 0.01. The company has a current ratio of 1.62, a quick ratio of 45.67 and a debt-to-equity ratio of 89.58. The stock has a market cap of £948,500.00, a price-to-earnings ratio of -1.01 and a beta of 0.40.

About Vela Technologies

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Vela Technologies PLC is a venture capital firm specializing in investments in early stage. The firm focuses on pre-IPO technology investments and also invests in hi-tech engineering solutions. It invests in small and medium sized companies based in Europe and United Kingdom. The firm seeks for non-controlling stakes in its portfolio companies.

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