The latest update is out from Versarien ( (GB:VRS) ).
Versarien PLC has announced a General Meeting scheduled for March 24, 2025, to seek shareholder approval for renewing its share capital authorities. This renewal is crucial for the company to maintain operational flexibility and secure strategic investments, which are vital for its ongoing financial stability and growth. The company is in advanced discussions with a third party for a potential strategic investment, and the renewal of share capital authorities is necessary to complete this transaction. The company has made significant progress in reducing annual losses and increasing graphene revenues, positioning itself for future profitability.
More about Versarien
Versarien PLC is an advanced materials engineering group specializing in the development and commercialization of innovative materials, with a focus on graphene technology. The company aims to leverage its expertise in advanced materials to enhance its market position and drive growth.
YTD Price Performance: -27.50%
Average Trading Volume: 92,046,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.29M
For detailed information about VRS stock, go to TipRanks’ Stock Analysis page.