Separately, Numis Securities Ltd reissued a buy rating and issued a GBX 114 ($1.49) price target on shares of Velocys PLC in a research note on Wednesday, September 21st.
Shares of Velocys PLC (LON:VLS) opened at 30.00 on Tuesday. The firm’s market capitalization is GBX 42.82 million. Velocys PLC has a 12-month low of GBX 25.00 and a 12-month high of GBX 90.00. The firm has a 50-day moving average of GBX 29.44 and a 200-day moving average of GBX 30.93.
About Velocys PLC
Velocys plc (Velocys) is a United Kingdom-based small scale gas-to-liquids (GTL) company. The Company is engaged in the design and development of technology for the production of liquid products, such as clean synthetic diesel and jet fuel from both conventional fossil fuels and renewable sources, such as bio-waste.
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