skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. VLN: please, your thoughts on Velan thanks Terry [Velan Inc. Subordinate Voting Shares]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: please, your thoughts on Velan
thanks
Terry
Asked by TERRY on September 26, 2024
5i Research Answer:

**Correction For VLN:CA not VLN:US.**

VLN has had a big jump up over the last month and the stock is up 60% year -to-date but is still down 21% over the last year. VLN signed a signed an agreement with GEH SMR Technologies to provide products and services for a stand-alone Small Modular Reactor (SMR) to Ontario Power Generation. This deal is expected to boost sales in the future. Additionally, the company announced that it would be releasing earnings on October 10th. Growth has picked up over recent quarters but it is still unprofitable. Cash flows became positive in recent quarters but have been negative historically. We will want to wait to see if recent quarterly results can become a sustained trend and if the recent agreement will positively benefit growth. It has been a lagging stock historically while experiencing plenty of volatility, so we are skeptical here while size is also small.