Marla Ritchie - Velocity Minerals Co Sec

All Insiders . USA . 
Stock . Velocity Minerals . Stakeholders . Insider . Marla Ritchie
VLCJF Stock  USD 0.12  0.01  7.69%   

Insider

Marla Ritchie is Co Sec of Velocity Minerals
Age 60
Phone604 484 1233
Webhttps://www.velocityminerals.com

Velocity Minerals Management Efficiency

The company has return on total asset (ROA) of (0.0569) % which means that it has lost $0.0569 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1038) %, meaning that it generated substantial loss on money invested by shareholders. Velocity Minerals' management efficiency ratios could be used to measure how well Velocity Minerals manages its routine affairs as well as how well it operates its assets and liabilities.
Velocity Minerals has accumulated 76.36 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Velocity Minerals has a current ratio of 5.16, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Velocity Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Velocity Minerals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Velocity Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Velocity to invest in growth at high rates of return. When we think about Velocity Minerals' use of debt, we should always consider it together with cash and equity.

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Velocity Minerals Ltd., a gold exploration and development company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Bulgaria. It also holds an option agreement to earn a 70 percent interest in the Nadezhda Project, which includes the Makedontsi gold project. Velocity Minerals operates under Gold classification in the United States and is traded on OTC Exchange. Velocity Minerals [VLCJF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Return On Equity-0.1
Return On Asset-0.0569

Velocity Minerals Leadership Team

Elected by the shareholders, the Velocity Minerals' board of directors comprises two types of representatives: Velocity Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Velocity. The board's role is to monitor Velocity Minerals' management team and ensure that shareholders' interests are well served. Velocity Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Velocity Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
LLB BA, Co Sec
Joyce BSc, VP Communications
RPGeo MSc, VP Director
Stuart Mills, Director Geology
Marla Ritchie, Co Sec

Velocity Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Velocity Minerals a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity-0.1
Return On Asset-0.0569
Current Valuation22.45 M
Shares Outstanding160.28 M
Shares Owned By Insiders62.13 %
Price To Earning(59.00) X
Price To Book1.50 X
Gross Profit(246.08 K)
EBITDA(2.34 M)
Net Income(2.49 M)

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Other Information on Investing in Velocity OTC Stock

Velocity Minerals financial ratios help investors to determine whether Velocity OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Velocity with respect to the benefits of owning Velocity Minerals security.
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