Versarien (LON:VRS) Shares Up 30% – Here’s What Happened

Versarien plc (LON:VRS) was up 30% during mid-day trading on Friday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 904,457,250 shares were traded during mid-day trading, an increase of 825% from the average daily volume of 97,793,930 shares. The stock had previously closed at GBX 0.02 ($0.00).

Versarien Stock Performance

The firm has a 50-day simple moving average of GBX 0.03 and a two-hundred day simple moving average of GBX 0.03. The company has a current ratio of 1.58, a quick ratio of 1.67 and a debt-to-equity ratio of 655.61. The company has a market capitalization of £675,700.00, a price-to-earnings ratio of -0.73 and a beta of 1.13.

Versarien (LON:VRS) last released its quarterly earnings results on Monday, June 30th. The company reported GBX (0.03) ($0.00) EPS for the quarter. Versarien had a negative net margin of 225.06% and a negative return on equity of 216.70%. As a group, sell-side analysts forecast that Versarien plc will post -332.0000161 earnings per share for the current fiscal year.

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.