Biome Technologies (LON:BIOM) Trading 6.7% Higher – What’s Next?

Shares of Biome Technologies plc (LON:BIOMGet Free Report) shot up 6.7% during trading on Thursday . The stock traded as high as GBX 4 ($0.05) and last traded at GBX 4 ($0.05). 50,000 shares were traded during mid-day trading, a decline of 19% from the average session volume of 61,400 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Price Performance

The company has a market capitalization of £1.68 million, a P/E ratio of -9.57 and a beta of 2.26. The business’s 50-day moving average is GBX 3.82 and its two-hundred day moving average is GBX 7.60. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 7,386.67.

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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