Vela Technologies (LON:VELA) Shares Up 5.8%

Shares of Vela Technologies PLC (LON:VELA) shot up 5.8% during mid-day trading on Thursday . The company traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.12 ($0.00), 502,349 shares changed hands during mid-day trading. A decline of 92% from the average session volume of 6,130,000 shares. The stock had previously closed at GBX 0.11 ($0.00).

The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 39.03. The business has a 50-day moving average price of GBX 0.11. The stock has a market capitalization of $1.74 million and a price-to-earnings ratio of -1.20.

Vela Technologies Company Profile (LON:VELA)

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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