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

Versarien plc (LON:VRS) rose 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). Approximately 994,800,375 shares were traded during mid-day trading, an increase of 910% from the average daily volume of 98,448,586 shares. The stock had previously closed at GBX 0.02 ($0.00).

Versarien Stock Up 45.0%

The company has a market cap of £675,700.00, a PE ratio of -0.73 and a beta of 1.13. The company has a quick ratio of 1.67, a current ratio of 1.58 and a debt-to-equity ratio of 655.61. The firm’s fifty day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.03.

Versarien (LON:VRS) last announced its quarterly earnings results on Monday, June 30th. The company reported GBX (0.03) ($0.00) earnings per share (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, equities research analysts expect 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.