Versarien (LON:VRS) Shares Up 14.3% – Here’s Why

Shares of Versarien plc (LON:VRS) shot up 14.3% during mid-day trading on Friday . The company traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.04 ($0.00). 294,637,969 shares changed hands during trading, an increase of 164% from the average session volume of 111,403,711 shares. The stock had previously closed at GBX 0.04 ($0.00).

Versarien Price Performance

The firm has a market cap of £932,000.00, a price-to-earnings ratio of -1.00 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. The business has a 50 day simple moving average of GBX 0.03 and a 200-day simple moving average of GBX 0.05.

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.