Versarien (LON:VRS) Stock Price Down 40% – Time to Sell?

Versarien plc (LON:VRS) shares dropped 40% during trading on Wednesday . The stock traded as low as GBX 0 and last traded at GBX 0.01. Approximately 448,570,250 shares were traded during trading, an increase of 303% from the average daily volume of 111,254,813 shares. The stock had previously closed at GBX 0.01.

Versarien Trading Down 30.0%

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 business’s fifty day moving average is GBX 0.01 and its two-hundred day moving average is GBX 0.02. The firm has a market cap of £420,697.41, a price-to-earnings ratio of -0.02 and a beta of 1.13.

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.