Shares of Velan Inc. (OTCMKTS:VLNSF – Get Free Report) were up 26.4% during mid-day trading on Tuesday . The company traded as high as $5.74 and last traded at $5.74. Approximately 100 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,003 shares. The stock had previously closed at $4.54.
Velan Trading Up 26.4 %
The stock has a fifty day simple moving average of $4.49 and a 200 day simple moving average of $4.35.
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.
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