Versarien (LON:VRS) Trading 45% Higher – Here’s Why

Versarien plc (LON:VRS)’s stock price traded up 45% during 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 firm’s 50-day moving average is GBX 0.03 and its 200 day moving average is 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 firm 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 posted its earnings results on Monday, June 30th. The company reported GBX (0.03) ($0.00) EPS for the quarter. Versarien had a negative return on equity of 216.70% and a negative net margin of 225.06%. On average, equities analysts predict 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.