Biome Technologies (LON:BIOM) Trading Down 61.3% – Should You Sell?

Shares of Biome Technologies plc (LON:BIOMGet Free Report) were down 61.3% during 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 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 Stock Down 50.7 %

The company has a debt-to-equity ratio of 5,633.33, a quick ratio of 0.90 and a current ratio of 1.11. The firm has a market cap of £953,782.46, a P/E ratio of -0.05 and a beta of 2.26. The firm’s fifty day moving average is GBX 3.70 and its 200 day moving average is GBX 6.47.

About Biome Technologies

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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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