Biome Technologies (LON:BIOM) Stock Price Down 61.3% – Here’s Why

Biome Technologies plc (LON:BIOMGet Free Report)’s stock price dropped 61.3% during mid-day trading on Friday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1.45 ($0.02). Approximately 390,654 shares were traded during mid-day trading, an increase of 498% from the average daily volume of 65,333 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Price Performance

The firm has a market cap of £747,559.22, a PE ratio of -0.04 and a beta of 2.26. The company has a debt-to-equity ratio of 5,633.33, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a 50-day simple moving average of GBX 3.75 and a 200 day simple moving average of GBX 6.74.

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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