Velocys (VLS) Given Buy Rating at Numis Securities

Numis Securities reiterated their buy rating on shares of Velocys (LON:VLS) in a report published on Wednesday morning, Digital Look reports. They currently have a GBX 28 ($0.37) price objective on the stock.

Velocys stock opened at GBX 3.89 ($0.05) on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.17 and a debt-to-equity ratio of 8.30. The stock has a market cap of $15.95 million and a price-to-earnings ratio of -0.13. Velocys has a fifty-two week low of GBX 3.30 ($0.04) and a fifty-two week high of GBX 17.15 ($0.22).

Velocys Company Profile

Velocys plc, a renewable fuels company, focuses on the production of renewable jet and diesel fuels from forestry by-products for road transport and aviation industries primarily in the United States. Velocys plc has a collaboration with British Airways Plc and Royal Dutch Shell plc for the development of a waste-to-jet-fuel project in the United Kingdom.

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