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Home CompaniesVelocity Minerals Ltd

Velocity Minerals Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.23 CAD 0.01 ( 4.55%)
Last update at 2026-11-03T14:34:00Z
VOLUME
146000
Market Cap
43.39M

Momentum Score

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Velocity Minerals Ltd. engages in the acquiring, exploring, and evaluating mineral resource properties in Bulgaria and Greece. It explores for gold, silver, and copper deposits. Velocity Minerals Ltd. is headquartered in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.23
Low
0.23
High
52 Week Price Range
0.17
Low
0.24
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Velocity Minerals Ltd is a Canadian junior exploration and development company focused on a portfolio of gold projects in Bulgaria. Its long-term growth drivers include advancing resource definition and permitting toward potential production, testing district-scale exploration targets for new discoveries, and exposure to gold prices that may benefit project economics, and the company appears positioned to pursue project development optionality.
Key risks include exploration and development uncertainty, reliance on external financing, commodity price volatility, permitting and regulatory risk in Bulgaria, and limited operating cash flow, so investors should monitor execution and funding plans.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.22
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
-0.11M
Debt / Equity
-
ROE
-7.68%
Net Debt
-
ROCE
-9.24%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -1.66M -1.85M -2.75M -2.51M -2.24M
Minority interest 0.01M 0.05M 0.09M 0.02M 3.37M
Net income -1.90M -1.80M -2.66M -2.49M -2.07M
Selling general administrative 1.80M 1.50M 2.12M 1.92M 1.56M
Gross profit -0.02M -0.06M -0.04M -0.01M -
Reconciled depreciation 0.03M 0.06M 0.05M 0.01M -
Ebit - - -2.60M -1.99M -1.46M
Ebitda - - -2.68M -2.34M -1.60M
Operating income -2.54M -2.02M -2.73M -2.18M -1.66M
Interest expense 0.02M 0.02M 0.02M 0.15M 0.64M
Tax provision 0.26M 0.00M - - -
Interest income 0.03M 0.01M 0.03M 0.02M 0.04M
Net interest income 0.01M -0.01M 0.01M -0.13M -0.60M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.54M 2.02M 2.73M 2.18M 1.66M
Cost of revenue 0.02M 0.06M 0.04M 0.01M -
Total other income expense net 0.87M 0.18M -0.04M -0.20M 0.02M
Net income from continuing ops -1.92M -1.85M -2.75M -2.51M -2.24M
Net income applicable to common shares - - - -2.49M -2.07M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 28.37M 29.86M 26.51M 28.48M 29.01M
Total liab 0.89M 0.98M 0.62M 0.47M 5.18M
Total stockholder equity 22.68M 24.15M 21.26M 23.55M 20.46M
Common stock - - 40.31M 40.31M 33.74M
Capital stock 44.73M 44.58M 40.31M 40.31M 33.74M
Retained earnings -24.84M -22.94M -21.13M -18.47M -15.98M
Other assets - - 0.05M - -
Cash 1.23M 3.15M 1.07M 4.68M 10.54M
Total current liabilities 0.88M 0.91M 0.46M 0.43M 0.93M
Other stockholder equity - - 2.08M 1.71M 2.71M
Property plant equipment - - 25.02M 23.45M 18.05M
Total current assets 1.41M 3.56M 1.44M 5.03M 10.96M
Net tangible assets - - - 23.55M 20.46M
Net receivables 0.02M 0.15M 0.32M 0.30M 0.26M
Long term debt - - - - 4.21M
Accounts payable 0.56M 0.54M 0.35M 0.37M 0.80M
Non current assets total 26.96M 26.30M 25.07M 23.45M 18.05M
Capital lease obligations 0.07M 0.17M 0.27M 0.11M 0.07M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -1.03M -0.72M -1.49M -5.44M -7.09M
Change to liabilities - - 0.00M -0.16M -0.02M
Total cashflows from investing activities - - - -5.44M -7.09M
Net borrowings -0.02M -0.08M -0.08M -0.06M -0.05M
Total cash from financing activities 0.13M 4.15M 0.19M 1.90M 16.17M
Change to operating activities - - - 0.10M -0.11M
Net income -1.90M -1.80M -2.66M -2.49M -2.07M
Change in cash -1.92M 2.09M -3.61M -5.87M 7.33M
Begin period cash flow 3.15M 1.07M 4.68M 10.54M 3.22M
End period cash flow 1.23M 3.15M 1.07M 4.68M 10.54M
Total cash from operating activities -1.02M -1.35M -2.31M -2.33M -1.75M
Issuance of capital stock 0.09M 4.08M 0.00M 0.85M 15.16M
Depreciation 0.03M 0.06M 0.05M 0.01M 0.03M
Other cashflows from investing activities - - - 0.02M 0.02M
Change to account receivables - - 0.02M -0.04M -0.19M
Other cashflows from financing activities - - - 1.11M 0.71M
Change to netincome - - 0.14M 0.26M 0.60M
Capital expenditures 2.25M 3.02M 1.50M 5.46M 7.09M
Change in working capital 0.65M 0.09M 0.16M -0.11M -0.32M
Stock based compensation 0.23M 0.25M 0.25M 0.14M 0.13M
Other non cash items 0.00M 0.02M -0.02M 0.13M 0.65M
Free cash flow -3.27M -4.37M -3.82M -7.79M -8.84M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
VLC
Velocity Minerals Ltd		 0.01
4.55%		 0.23 - - - 2.03 -9.82
OMG
Omai Gold Mines Corp		 0.18
12.08%		 1.67 - - - 62.63 -4.09
ASE
Asante Gold Corporation		 0.07
12.07%		 0.65 - 6.57 2.23 269.42 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 2.44
MKO
Mako Mining Corp		 0.80
7.86%		 10.98 18.47 2.34 6.21 4.73 10.00

Profile*

Velocity Minerals Ltd

Velocity Minerals Ltd. engages in the acquiring, exploring, and evaluating mineral resource properties in Bulgaria and Greece. It explores for gold, silver, and copper deposits. Velocity Minerals Ltd. is headquartered in Vancouver, Canada.

999 West Hastings Street, Vancouver, BC, Canada, V6C 2W2

604 484 1233

https://velocityminerals.com

Name Title Year Born
Mr. Keith J. Henderson M.Sc., P.Geo. Pres, CEO & Director 1971
Mr. Darren Paul Morgans C.A., CPA, CA Chief Financial Officer 1975
Mr. Daniel Marinov M.Sc., R.P.Geo VP of Operations & Director NA
Mr. Stuart A. Mills Director of Geology NA
Ms. Joyce L. Musial B.Sc. VP of Corp. Communications NA
Ms. Marla K. Ritchie Corp. Sec. 1963
Ms. Arie Alisen Page B.A., L.L.B. Corp. Sec. 1978
Mr. Keith J. Henderson M.Sc., P.Geo. President, CEO & Director 1971
Mr. Michael L. Hoffman P. Eng., P.Eng. Advisor 1959
Ms. Dani Palahanova CPA, CGA Chief Financial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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