Velocity Composites edges higher on light volume after EBITDA cut
Velocity Composites plc traded higher in London on Thursday, but volumes stayed thin. The AIM-listed aerospace composites company was quoted at 14p, up 7.69%, and Google Finance showed just 5,560 shares had changed hands. That worked out to under £800 traded at that price. The stock jumped more than the FTSE AIM All-Share, but volume was light—about 5% of Velocity’s average, per Google Finance, which lists 105,960 shares as the average. Thin volume can whip a £7.65 million name around fast.