Velocys (LON:VLS) stock price target held steady at 95.00GBX, issued a research note today by Canaccord Genuity
- Updated: September 25, 2016
Yesterday Velocys (LON:VLS) traded 0.42% higher at 28.63GBX. Velocys’s 50-day moving average is 29.18GBX and its 200-day moving average is 31.12GBX. The last closing price is down -3.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 259,922 shares of VLS traded hands, down from an average trading volume of 348,933
In a report issued 09/21/2016 Canaccord Genuity hold steady the target of Velocys (LON:VLS) from 95.00GBX to 95.00GBX reporting a potential upside of 2.32%.
Previously on 1/01/0001, Canaccord Genuity reported on Velocys (LON:VLS) lowered the target price from 130.00GBX to 95.00GBX. At the time, this indicated a possible upside of 1.68%.
Recent Performance Chart
Velocys has 52 week low of 25.00GBX and a 52 week high of 90.00GBX and has a market capitalization of 0 GBX.
Brief Synopsis On Velocys (LON:VLS)
Velocys plc (Velocys) is a holding company. The Company is engaged in producing synthetic fuels. The Company provides small scale gas-to-liquids (GTL), a technology that produces liquid fuels and specialty chemicals from undervalued natural gas, waste or biomass. Its technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes and base oils. Velocys' technology is designed for smaller scales, combining catalysts with reactor systems. The Company's business is focused on the emerging market for modular GTL plants with production in the range of 1,500 to 15,000 barrels per day. The Company's technology is developed for GTL and biomass-to-liquids (BTL) applications. The Company's subsidiaries include Velocys Technologies Limited, Velocys (USA Holdings) LLC and Oxford Catalysts Trustees Limited.
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