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Bullboard - Stock Discussion Forum Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Industrials
Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate... see more

TSX:VLN - Post Discussion

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.
Comment by yureja85 on Dec 02, 2022 2:14am
This post has been removed in accordance with Community Policy
Velan Inc