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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

London Stock Exchange
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Share Price: 0.105
Bid: 0.10
Ask: 0.105
Change: -0.002 (-1.91%)
Spread: 0.005 (5.00%)
Open: 0.1005
High: 0.105
Low: 0.1005
Prev. Close: 0.1045
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LONDON AIM WINNERS & LOSERS: Quadrise Rises After MSC Agreement

Thu, 21st Jan 2021 10:41

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.

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AIM WINNERS

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Quadrise Fuels International, up 38% at 2.94 pence, 12-month range 1.06-4.24p. The fuel conversion technology firm said it has signed a joint development agreement with MSC Shipmanagement of Cyprus - a subsidiary of subsidiary of Geneva-headquartered MSC Mediterranean Shipping Co - to carry out an MSAR Operational Trial on commercial container vessels in the MSC global fleet commencing in 2021 with, subject to further agreement, subsequent commercial rollout upon success. The MSC group is one of the world's largest cargo shipping and cruise line companies, Quadrise noted.

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ECSC Group, up 21% at 84.45p, 12-month range 51.25p-140.25p. The cyber security services provider said 2020 adjusted earnings before interest, taxes, depreciation and amortisation was in excess of GBP400,000, versus a breakeven position in 2019. Revenue edged down to GBP5.7 million from GBP5.9 million. "Despite the challenges posed by the COVID-19 pandemic, the Group made solid progress during the 2020 financial year, and we are particularly pleased to report growing adjusted EBITDA profitability and cash generation," said Chief Executive Ian Mann.

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Image Scan Holdings, up 19% at 3.04p, 12-month range 1.0p-3.5p. The X-ray imaging systems provider said it has been awarded a contract to supply three portable X-ray scanning systems to the Royal Air Force. The award is the company's first contract with the RAF.

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Panoply Holdings, up 19% at 189.60p, 12-month range 40.2p-214p. The IT service management company said it expects to "significant exceed" its expectations for the financial year ending in March. After a "successful" third quarter, Panoply said it expects full-year revenue in excess of GBP47.5 million and adjusted earnings before interest, taxes, depreciation and amortisation in excess of GBP6.3 million.

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AIM LOSERS

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Eve Sleep, down 15% at 4.90p, 12-month range 0.65p-7.0p. The online mattress business reported an increase in revenue and earnings for 2020, though noted that the availability of raw materials and component supply remains an industry issue and a "potential limiting factor on near term growth". In 2020, revenue increased 6% to GBP25.2 million, driven by 18% growth in the second half, and Ebitda loss GBP2.0 million versus loss of GBP10.7 million in 2019. "At this time the company has not experienced any material cost/duty increases as a direct result of Brexit, though there has been some slowing of the pace of deliveries to Ireland and Northern Ireland resulting from courier related issues. eve will continue to closely monitor the situation but does not expect any material full year impact at this time," said Eve.

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Versarien, down 7.6% at 59.90p, 12-month range 21.2p-84.0p. The advanced engineering materials firm reported interim revenue of GBP3.1 million, down from GBP4.4 million a year ago, and a pretax loss of GBP4.3 million for the six months to September 31 versus a loss of GBP2.1 million a year prior. "The effects of the pandemic impacted our customer base in the mature businesses in both business segments. However, sales of graphene enhanced masks added an additional GBP0.33 million of revenues in H1 2020," said Versarien.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
9 May 2019 10:39

Versarien's new US hub aids North American partnership wins

(Sharecast News) - Versarien said on Thursday that its North American hub in Houston, Texas, is now fully operational and has allowed the company to accelerate relationships with a number of new partners.

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1 Apr 2019 10:20

Versarien becomes Graphene Council's first verified producer

(Sharecast News) - Advanced materials engineering group Versarien announced that it was the first graphene company in the world to successfully complete the Graphene Council's 'Verified Graphene Producer' programme on Monday.

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21 Mar 2019 09:23

Versarien Establishes New Houston-Based Arm To Lead US Expansion

LONDON (Alliance News) - Versarien PLC on Thursday said it has set up a new US business, Versarien Graphene Inc, to help with expansion in the country.The advanced materials engineering it

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14 Mar 2019 12:42

Versarien moving towards JV through Chinese partnership

(Sharecast News) - Versarien on Thursday signed a Letter of Intent (LOI) with Tunghsu Optoelectronic Technology Ltd to further progress the relationship between the two companies and move towards establishing a joint-venture.

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14 Mar 2019 11:39

Versarien Progresses Partnership With Tunghsu To Expand In China

LONDON (Alliance News) - Versarien PLC on Thursday said it has signed an agreement with Tunghsu Optoelectronic Technology Ltd to further progress their relationship.The agreement supports a

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7 Mar 2019 13:19

Versarien scores second Chinese aerospace agreement

(Sharecast News) - Versarien on Thursday signed a Memorandum of Understanding with a second large state-owned Chinese aerospace company, following a similar agreement signed in December.

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26 Feb 2019 13:47

Versarien Hires UK Civil Servant Yi Luo For China Expansion

LONDON (Alliance News) - Graphene products manufacturer Versarien PLC said Tuesday that it has hired civil servant Yi Luo as deputy head of International Strategy & Government Relations, the a

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19 Dec 2018 10:41

Versarien inks MOU with mystery Chinese aerospace firm

(Sharecast News) - Advanced materials engineer Versarien has inked a memorandum of understanding with an unnamed state-owned Chinese aerospace firm.

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6 Dec 2018 11:11

Versarien Loss Widens On Investments, Inks Graphene Supply Pact

LONDON (Alliance News) - Versarien PLC on Thursday reported a double-digit revenue growth in the first half of its current financial year, but loss widened moderately as it continued to invest in

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6 Dec 2018 10:09

Versarien losses stabilise as revenues improve, progress in polymer project

(Sharecast News) - Engineering materials group Versarien saw losses remain stable in the first half of its trading year as revenues continued to improve.

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4 Dec 2018 14:14

Versarien Shares Rise As Launches Graphene Enhanced Polymer Range

LONDON (Alliance News) - Versarien PLC on Tuesday said it has launched a new graphene enhanced polymer range Polygrene.Versarien shares were trading 6.2% higher on Tuesday at 121.10 pence a

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4 Dec 2018 08:51

Versarien launches new graphene-enhanced 'Polygrene' range

(Sharecast News) - Advanced materials engineering group Versarien announced the formal launch of its new graphene-enhanced polymer range, 'Polygrene', on Monday.

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19 Nov 2018 08:36

Versarien inks funding agreement for Chinese manufacturing centre

(Sharecast News) - Engineering outfit Versarien has entered into a memorandum of understanding with Jinan High-tech Financial Investment with regards to the AIM-listed firm's ongoing plans to establish a manufacturing centre in China's Shandong Province.

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5 Nov 2018 11:37

Versarien Progresses With China Plans, Signs Additional Agreement

LONDON (Alliance News) - Versarien PLC said Monday it is making "significant" progress in developing its relationships in China.The advanced materials engineering company said in

Read more
18 Oct 2018 10:08

Versarien enters collaboration to develop oil and gas industry products

(Sharecast News) - Versarien on Thursday signed a collaboration agreement with Advanced Insulation, a supplier of fire retardant coatings, sub-sea insulation materials and buoyancy products.

Read more

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