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Versarien ( (GB:VRS) ) has shared an update.
Versarien plc has appointed Andrew Knowles and Andrew Poxon of Leonard Curtis as Joint Administrators of the parent company, as it seeks to sell its remaining assets, including its patents, trademarks, and shareholdings in solvent subsidiaries Total Carbide Limited and Gnanomat SL. The company has warned that shareholders are not expected to receive any return from the administration, while its nominated adviser and broker SP Angel Corporate Finance has resigned, leaving Versarien’s already-suspended AIM listing at risk of cancellation if a new adviser is not appointed within a month.
Spark’s Take on GB:VRS Stock
According to Spark, TipRanks’ AI Analyst, GB:VRS is a Underperform.
Versarien’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, negative margins, and high leverage. Technical analysis suggests a bearish trend, and valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively result in a low overall stock score.
To see Spark’s full report on GB:VRS stock, click here.
More about Versarien
Versarien plc is an advanced engineering materials group whose portfolio includes intellectual property such as patents and trademarks and shareholdings in operating subsidiaries Total Carbide Limited and Gnanomat SL, which continue to trade as solvent businesses.
Average Trading Volume: 50,390,497
Technical Sentiment Signal: Sell
Current Market Cap: £601K
Learn more about VRS stock on TipRanks’ Stock Analysis page.