Biome Technologies (LON:BIOM) Trading Up 6.7% – Here’s Why

Biome Technologies plc (LON:BIOMGet Free Report) shares rose 6.7% during mid-day trading on Thursday . The company traded as high as GBX 4 ($0.05) and last traded at GBX 4 ($0.05). Approximately 50,000 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 61,400 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Stock Performance

The firm has a market cap of £1.93 million, a price-to-earnings ratio of -0.11 and a beta of 2.26. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 5,633.33. The company has a 50-day moving average price of GBX 3.80 and a 200 day moving average price of GBX 7.38.

About Biome Technologies

(Get Free Report)

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company’s mission is to produce bioplastics that challenge the dominance of oil-based polymers. Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems.

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