Biome Technologies (LON:BIOM) Shares Down 18.1% – Here’s Why

Shares of Biome Technologies plc (LON:BIOMGet Free Report) dropped 18.1% during mid-day trading on Tuesday . The stock traded as low as GBX 5.53 ($0.07) and last traded at GBX 5.53 ($0.07). Approximately 167,293 shares were traded during trading, an increase of 834% from the average daily volume of 17,912 shares. The stock had previously closed at GBX 6.75 ($0.09).

Biome Technologies Stock Performance

The firm has a market cap of £3.48 million, a PE ratio of -19.85 and a beta of 2.26. The stock has a 50-day moving average price of GBX 7.33 and a 200 day moving average price of GBX 41.51. The company has a debt-to-equity ratio of 7,386.67, a current ratio of 1.11 and a quick ratio of 0.90.

Biome Technologies Company Profile

(Get Free Report)

Biome Technologies plc engages in the bioplastics and radio frequency (RF) technology businesses in the United Kingdom, Europe, Canada, the United States, Asia, and internationally. The company's Bioplastics division produces a range of biodegradable and sustainable products that replace conventional oil-based plastics.

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