Biome Technologies (LON:BIOM) Trading Down 48.9% – Here’s What Happened

Biome Technologies plc (LON:BIOMGet Free Report)’s share price traded down 48.9% on Friday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1.92 ($0.02). 400,862 shares were traded during mid-day trading, an increase of 511% from the average session volume of 65,625 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Trading Down 48.9 %

The business has a fifty day moving average price of GBX 3.75 and a 200 day moving average price of GBX 6.74. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 5,633.33. The firm has a market cap of £987,293.73, a PE ratio of -0.06 and a beta of 2.26.

Biome Technologies Company Profile

(Get Free Report)

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company’s mission is to produce bioplastics that challenge the dominance of oil-based polymers. Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems.

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