Velocys (LON:VLS) target price raised to 110.00GBX, issued a report today by Canaccord Genuity
- Updated: September 25, 2016
Boasting a price of 29.88GBX, Velocys (LON:VLS) traded 0.42% higher on the day. With the last stock price close down -3.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Velocys has recorded a 50-day average of 29.18GBX and a two hundred day average of 31.12GBX. Volume of trade was down over the average, with 259,922 shares of VLS changing hands under the typical 348,933
Velocys (LON:VLS) had its price target upped to 110.00GBX by Canaccord Genuity in a report released Monday September 26, 2016. The updated stock price target indicates a possible upside of 2.68% based on the company's most recent stock price close.
On 9/21/2016, Canaccord Genuity released a statement for Velocys (LON:VLS) maintained the target price at 95.00GBX that suggested an upside of 2.32%.
With a total market value of 0 GBX, Velocys has with a one year low of 25.00GBX and a one year high of 90.00GBX .
Brief Synopsis About 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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