Versarien (LON:VRS) Shares Up 11.1% – Here’s Why

Shares of Versarien plc (LON:VRS) shot up 11.1% during trading on Saturday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 207,543,344 shares were traded during trading, an increase of 71% from the average session volume of 121,252,906 shares. The stock had previously closed at GBX 0.01 ($0.00).

Versarien Trading Up 11.1%

The stock has a market cap of £600,996.30, a PE ratio of -3.03 and a beta of 1.13. The business’s fifty day moving average is GBX 0.02 and its 200 day moving average is GBX 0.03. The company has a quick ratio of 1.67, a current ratio of 1.58 and a debt-to-equity ratio of 655.61.

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