Versarien (LON:VRS) Trading Down 30% – Here’s Why

Versarien plc (LON:VRS)’s share price fell 30% during mid-day trading on Wednesday . The company traded as low as GBX 0 and last traded at GBX 0.01. 515,323,094 shares changed hands during mid-day trading, an increase of 362% from the average session volume of 111,545,039 shares. The stock had previously closed at GBX 0.01.

Versarien Stock Performance

The company has a market cap of £420,697.41, a PE ratio of -0.02 and a beta of 1.13. The firm’s fifty day moving average is GBX 0.01 and its 200 day moving average is GBX 0.02. The company has a current ratio of 1.58, a quick ratio of 1.67 and a debt-to-equity ratio of 655.61.

Versarien Company Profile

Versarien plc provides engineering solutions for various industry sectors in the United Kingdom, rest of Europe, North America, and internationally. The company operates in two segments, Technology Business and Mature Business. It offers Nanene, a few-layer graphene; Polygrene, a graphene enhanced polymer; Hexotene, a few-layer hexagonal boron nitride nano-platelet powder; and graphene-based nanomaterials for energy storage devices, as well as a range of electrically conductive graphene inks for various printing processes, substrates, and applications under the Graphinks name.