Velocys (LON:VLS) Earns House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Velocys (LON:VLSGet Rating) in a research note published on Wednesday, MarketBeat Ratings reports.

Velocys Stock Performance

Shares of LON:VLS opened at GBX 5.39 ($0.07) on Wednesday. The business’s fifty day moving average price is GBX 4.83 and its two-hundred day moving average price is GBX 5.46. Velocys has a fifty-two week low of GBX 4 ($0.05) and a fifty-two week high of GBX 17.94 ($0.22). The stock has a market capitalization of £75.18 million and a price-to-earnings ratio of -6.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.52 and a quick ratio of 2.39.

Insider Activity

In other news, insider Philip Sanderson purchased 200,000 shares of the business’s stock in a transaction dated Monday, July 18th. The shares were acquired at an average price of GBX 4 ($0.05) per share, with a total value of £8,000 ($9,802.72).

About Velocys

(Get Rating)

Velocys plc operates as a renewable fuels company. It designs, develops, and licenses its Fischer-Tropsch technology for the generation of clean, low carbon, and synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants. It has operations in the Americas and the Asia Pacific.

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