Versarien (LON:VRS) Stock Price Down 19% – Here’s Why

Versarien plc (LON:VRS) dropped 19% during trading on Wednesday . The stock traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 18,496,256 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 43,938,234 shares. The stock had previously closed at GBX 0.06 ($0.00).

Versarien Stock Performance

The company has a market capitalization of £1.19 million, a P/E ratio of -1.56 and a beta of 1.13. 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 business’s fifty day simple moving average is GBX 0.07 and its 200-day simple moving average is GBX 0.09.

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.