Velocity Minerals ( (TSE:VLC) ) has issued an update.
Velocity Minerals Ltd. announced that its shareholders have overwhelmingly approved the sale of the company’s Bulgarian assets, with 99.99901% voting in favor of the resolution. This decision marks a significant step in Velocity’s strategic realignment, potentially impacting its operational focus and market positioning.
More about Velocity Minerals
Velocity Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the extraction of precious metals, with a market focus on expanding its mining operations and assets.
YTD Price Performance: 3.64%
Average Trading Volume: 20,580
Technical Sentiment Signal: Buy
Current Market Cap: $21.21M
For a thorough assessment of VLC stock, go to TipRanks’ Stock Analysis page.