Biome Technologies (LON:BIOM) Shares Down 50.7% – Here’s What Happened

Biome Technologies plc (LON:BIOMGet Free Report)’s stock price fell 50.7% on Friday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1.85 ($0.02). 537,446 shares traded hands during trading, an increase of 673% from the average session volume of 69,527 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Stock Down 50.7 %

The company has a fifty day moving average of GBX 3.75 and a two-hundred day moving average of GBX 6.74. The company 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 quick ratio of 0.90 and a current ratio of 1.11.

Biome Technologies Company Profile

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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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