Velan (OTCMKTS:VLNSF) Shares Pass Above 50 Day Moving Average – Here’s Why

Velan Inc. (OTCMKTS:VLNSF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.67 and traded as high as $11.50. Velan shares last traded at $11.50, with a volume of 100 shares trading hands.

Velan Trading Up 4.5 %

The business’s 50 day moving average is $10.73 and its two-hundred day moving average is $8.39.

About Velan

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.