Shares of Biome Technologies plc (LON:BIOM – Get Free Report) 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 changed hands 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 Stock Performance
The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 5,633.33. The business has a 50 day moving average of GBX 3.75 and a 200 day moving average of GBX 6.74. The company has a market capitalization of £747,559.22, a P/E ratio of -0.04 and a beta of 2.26.
About Biome Technologies
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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