Versarien (LON:VRS) Trading 80% Higher – Time to Buy?

Versarien plc (LON:VRS) shot up 80% during mid-day trading on Thursday . The company traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 698,161,500 shares were traded during trading, an increase of 505% from the average session volume of 115,431,914 shares. The stock had previously closed at GBX 0.01 ($0.00).

Versarien Price Performance

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 stock has a market cap of £349,500.00, a PE ratio of -0.38 and a beta of 1.13. The stock’s 50-day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.03.

Versarien (LON:VRS) last posted its quarterly earnings data 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%. On average, equities 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.