Veltex Corporation (VLXC)

[GratziPrego]

The Bid/Ask May Not be as it is Posted...It Might Not Be Correct...They Usually Make a Wide Bid/Ask Spread as Trading Day Closes...Doesn't Seem that Anyone Really Sold at 0.50 like it says (Or Very Tiny Volume at 0.50, if any)

Last Trade listed at 0.56995...that's what We feel that We should Use as the Stock Price.

Also, We Noticed that Predominantly Veltex was Trading at around 0.56/0.5799. Notice the VWAP being 0.562316.
(VWAP = Volume Weighted Average Price)

Besides all the info above, Volume for the Day "Isn't Much to Write Home About" as the saying goes...Only Approximately 45K Volume.

The Key Point We Should Be Focusing on is The Impressive Fundamentals of Veltex, Not Days of Small Volume, Even Though the Sensitivity in Price Under Small Volume does Warrant Some Attention too...and Reaching a New High Certainly Gets Our Attention.

What We Really Need is Massive Upward Price Movement "Along With" Much Higher Average Volume than what We've been having for a long time now.

Again, Consistency of a Much Higher Volume Level is Very Important in Drawing Any Conclusions regarding where Stock Price will be heading.

Although We Can Appreciate the Positive Trend albeit Under Low Volume.

Best Wishes,

Gratzi