Versarien (LON:VRS) Shares Down 12.5% – Here’s Why

Versarien plc (LON:VRS)’s stock price fell 12.5% during mid-day trading on Wednesday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 136,327,969 shares traded hands during trading, an increase of 53% from the average session volume of 89,003,398 shares. The stock had previously closed at GBX 0.03 ($0.00).

Versarien Price Performance

The company has a debt-to-equity ratio of 655.61, a quick ratio of 1.67 and a current ratio of 1.58. The company has a 50-day moving average price of GBX 0.04 and a 200-day moving average price of GBX 0.05. The firm has a market capitalization of £722,300.00, a P/E ratio of -0.78 and a beta of 1.13.

About Versarien

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.