Versarien (LON:VRS) Shares Up 45% – Here’s Why

Versarien plc (LON:VRS)’s stock price shot up 45% during mid-day trading on Saturday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.03 ($0.00). 994,800,375 shares changed hands during trading, an increase of 910% from the average session volume of 98,448,586 shares. The stock had previously closed at GBX 0.02 ($0.00).

Versarien Trading Up 45.0%

The company has a 50-day moving average price of GBX 0.03 and a 200-day moving average price of GBX 0.03. The firm has a market capitalization of £675,700.00, a price-to-earnings ratio of -0.73 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.

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

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.