Versarien (LON:VRS) Shares Down 10% – Here’s What Happened

Shares of Versarien plc (LON:VRS) fell 10% during trading on Thursday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 60,704,957 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 111,818,844 shares. The stock had previously closed at GBX 0.01 ($0.00).

Versarien Price Performance

The stock has a market capitalization of £326,200.00, a P/E ratio of -0.35 and a beta of 1.13. The company has a debt-to-equity ratio of 655.61, a current ratio of 1.58 and a quick ratio of 1.67. The business’s 50 day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.03.

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