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Velocys PLC 131.9% Potential Upside Indicated by Canaccord Genuity

Velocys PLC using EPIC/TICKER code (LON:VLS) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SPECULATIVE BUY’ today by analysts at Canaccord Genuity. Velocys PLC are listed in the Oil & Gas sector within AIM. Canaccord Genuity have set a target price of 80 GBX on its stock. This would imply the analyst believes there is now a potential upside of 131.9% from today’s opening price of 34.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 11.5 points and decreased 9.5 points respectively. The 1 year high for the stock price is 101.38 GBX while the year low stock price is currently 30 GBX.

Velocys PLC has a 50 day moving average of GBX and a 200 day moving average of . There are currently 183,426,162 shares in issue with the average daily volume traded being 40,588. Market capitalisation for LON:VLS is £54,192,984 GBP.

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