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Vanadiumcorp shares fell 17.5% amid financial concerns and high debt despite project progress.
Vanadiumcorp Resource (CVE:VRB) shares dropped 17.5% on Tuesday, closing at C$0.17 amid a surge in trading volume to 384,415 shares, up 182% from average levels.
The company’s market cap stood at C$2.42 million, with a high debt-to-equity ratio of 9.31 and low liquidity ratios, signaling financial strain.
Despite ongoing development of the VEPT project with Electrochem Technologies to lower vanadium production costs and emissions, the stock’s decline reflects investor concerns over its financial health and downward price momentum.
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Las acciones de Vanadiumcorp cayeron un 17,5% en medio de preocupaciones financieras y una deuda elevada a pesar de los avances del proyecto.