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An update from Versarien ( (GB:VRS) ) is now available.
Versarien plc announced an update regarding the disposal of its subsidiary, AAC Cyroma Limited, to Harper Bennett Limited for £550,000. With AAC Cyroma entering creditors’ voluntary liquidation, Versarien plans to recover the outstanding consideration of £412,500 by invoking its charge over AAC Cyroma’s assets, which may be sold privately or at auction.
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 materials engineering group focused on developing a manufacturing-light and licensing model in specific sectors.
Average Trading Volume: 74,845,740
Technical Sentiment Signal: Sell
Current Market Cap: £601K
For detailed information about VRS stock, go to TipRanks’ Stock Analysis page.