Bullboard - Stock Discussion Forum Velan Inc T.VLN

Alternate Symbol(s): VLNSF

Industrials

Velan Inc. is a Canada-based manufacturer of industrial valves. The Company designs, manufactures and markets on a worldwide basis a broad range of industrial valves for use in critical applications. It provides solutions to many sectors including power generation, nuclear, oil and gas, chemicals, LNG and cryogenics, pulp and paper, geothermal processes, shipbuilding, defense, and carbon... see more

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Velan Inc > SOMETHING BREWING ABOUT VELAN

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Post by modulex on Dec 01, 2022 2:15pm

SOMETHING BREWING ABOUT VELAN

VELAN'S 52-WEEKS HIGH-LOW $10.70 - $4.76
Current trading price approximatel $5
Shares are trading in a swing mode (ex: up $0.18, down $0.20 on same day) in the past few sessions, leaving hints that the company will likely be privatized. The spread between BID-ASK is also high, as i am writing $4.97-$5.15. Restructuring of the company is too much a stretch, high interest rates, inflation, orders on hold, are all ill-boding factors against the company's turnaround. I see nothing else possible than a privatization looming.

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