Biome Technologies (LON:BIOM) Stock Price Up 4.7% – Should You Buy?

Biome Technologies plc (LON:BIOM)’s stock price shot up 4.7% during mid-day trading on Wednesday . The stock traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07). 5,909 shares changed hands during trading, a decline of 71% from the average session volume of 20,437 shares. The stock had previously closed at GBX 5.25 ($0.07).

Biome Technologies Stock Performance

The business has a 50-day simple moving average of GBX 6.26 and a 200 day simple moving average of GBX 29.82. The firm has a market cap of £2.58 million, a PE ratio of -15.44 and a beta of 2.26. 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

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.