Velocity Minerals Ltd. (VLCJF)
Velocity Minerals Ltd. operates in the Gold industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $0.16, up 0.00% on the session, giving a market capitalisation of $32.9M. On trailing twelve-month figures it carries a trailing P/E of -16.13, a net margin of 0.0%. Its beta of 0.51 implies it has historically moved less than the broad market.
Velocity Minerals Ltd. is a gold exploration and development company primarily focused on acquiring, exploring, and evaluating mineral resource properties within Bulgaria. The firm actively seeks out gold and copper deposits across the country. Its portfolio includes a 70% interest in the Tintyava property, which notably features the Rozino gold project, strategically situated in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria. Velocity also maintains a 70% ownership stake in the Momchil property, home to the Obichnik gold project. Furthermore, the company fully controls (100% interest) the Iglika property, a 105-square-kilometer site also located in southeast Bulgaria. Beyond its current holdings, Velocity Minerals has secured an option to earn a 70% interest in the Nadezhda Project, which encompasses the Makedontsi gold project. The company's corporate headquarters are located in Vancouver, Canada.
Velocity Minerals Ltd. is most often compared with the following Basic Materials names: