VLN Crosses Above Key Moving Average Level

In trading on Monday, shares of Velan, Inc (VLN.TO"> VLN.TO) crossed above their 200 day moving average of $11.63, changing hands as high as $11.75 per share. Velan, Inc shares are currently trading down about 0.9% on the day. The chart below shows the one year performance of VLN shares, versus its 200 day moving average:

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Velan, Inc 200 Day Moving Average Chart

Looking at the chart above, VLN's low point in its 52 week range is $10.96 per share, with $12.70 as the 52 week high point — that compares with a last trade of $11.50.