Versarien (LON:VRS) Shares Down 30% – Here’s What Happened

Versarien plc (LON:VRS)’s share price dropped 30% on Thursday . The company traded as low as GBX 0 and last traded at GBX 0.01. Approximately 515,323,094 shares changed hands during trading, an increase of 362% from the average daily volume of 111,545,039 shares. The stock had previously closed at GBX 0.01.

Versarien Price Performance

The company has a market capitalization of £420,697.41, a PE ratio of -0.02 and a beta of 1.13. The company has a current ratio of 1.58, a quick ratio of 1.67 and a debt-to-equity ratio of 655.61. The firm has a 50 day simple moving average of GBX 0.01 and a two-hundred day simple moving average of GBX 0.02.

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.