Biome Technologies (LON:BIOM) Stock Price Down 48.9% – Here’s Why

Biome Technologies plc (LON:BIOMGet Free Report)’s stock price fell 48.9% during mid-day trading 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 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 Stock Down 50.7 %

The stock has a 50 day simple moving average of GBX 3.70 and a 200-day simple moving average of GBX 6.47. The firm has a market cap of £953,782.46, a PE ratio of -0.05 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.

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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