Versarien (VRS)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

0.11p
   
  • Change Today:
      0.004p
  • 52 Week High: 5.10p
  • 52 Week Low: 0.087p
  • Currency: UK Pounds
  • Shares Issued: 1,488.17m
  • Volume: 9,780,218
  • Market Cap: £1.58m
  • RiskGrade: 561

Versarien raises £1.85m in discounted placing

By Michele Maatouk

Date: Tuesday 06 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Advanced materials engineering group Versarien said on Tuesday that it has raised £1.85m in a placing to continue its commercialisation work, mainly in the construction and leisure sectors, and for general working capital purposes.
The group placed 18.5m new ordinary shares at 10p each, versus a closing price of 16p on Monday.

Chief executive Neill Ricketts said: "These funds will allow the company to focus on the significant opportunities it is seeing in the construction and leisure sectors. While we will continue to review projects in other sectors, the board believes these two areas represent the best opportunities for near term commercial success.

"In parallel, the company continues to explore additional funding options, with a focus on non-dilutive options such as grant funding and strategic partnership opportunities."

At 1055 GMT, the shares were down 32% at 10.88p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Versarien Market Data

Currency UK Pounds
Share Price 0.11p
Change Today 0.004p
% Change 3.66 %
52 Week High 5.10p
52 Week Low 0.087p
Volume 9,780,218
Shares Issued 1,488.17m
Market Cap £1.58m
RiskGrade 561

Versarien Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14% below the market average14% below the market average14% below the market average14% below the market average14% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Price Trend
99.43% below the market average99.43% below the market average99.43% below the market average99.43% below the market average99.43% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income Not Available
Growth
50.6% below the market average50.6% below the market average50.6% below the market average50.6% below the market average50.6% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

Versarien Dividends

No dividends found

Trades for 23-Apr-2024

Time Volume / Share Price
15:56 22,956 @ 0.11p
15:55 4,563 @ 0.11p
15:55 156 @ 0.11p
15:54 13,645 @ 0.11p
15:54 165,289 @ 0.11p

Versarien Key Personnel

Finance Director Christopher Leigh
CEO Stephen Hodge

Top of Page