Vela Technologies (LON:VELA) Shares Down 20% – Here’s Why

Shares of Vela Technologies PLC (LON:VELA) fell 20% during mid-day trading on Tuesday . The stock traded as low as GBX 0 ($0.00) and last traded at GBX 0 ($0.00). 424,116,719 shares changed hands during mid-day trading, an increase of 881% from the average session volume of 43,217,750 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Stock Down 40.0 %

The company has a quick ratio of 45.67, a current ratio of 1.62 and a debt-to-equity ratio of 89.58. The stock’s 50-day simple moving average is GBX 0.01 and its 200 day simple moving average is GBX 0.01. The firm has a market cap of £569,100.00, a P/E ratio of -1.01 and a beta of 0.40.

Vela Technologies Company Profile

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.