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IN BRIEF: Vela Technologies asset value falls in latest quarter

10th Jun 2024 19:26

Vela Technologies PLC - early stage-focused technology investor - Value of total assets decreases by 11% in the three months to March 31 to GBP5.5 million from GBP6.2 million at the end of 2023. The reduction is due to the sale of Vela's residual holding in Kanabo Group PLC. Cash balance was GBP53,000 at March 31 compared with GBP6,000 at December 31.

Current stock price: 0.011 pence

12-month change: down 45%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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