Haydale Graphene Industries (LON:HAYD) Trading Down 13.6% – Here’s Why

Haydale Graphene Industries plc (LON:HAYD)’s share price dropped 13.6% during trading on Wednesday . The stock traded as low as GBX 0.35 and last traded at GBX 0.38. Approximately 98,891,391 shares changed hands during trading, an increase of 707% from the average daily volume of 12,247,878 shares. The stock had previously closed at GBX 0.44.

Haydale Graphene Industries Stock Performance

The company has a debt-to-equity ratio of 24.78, a quick ratio of 1.10 and a current ratio of 2.15. The company has a market cap of £18.02 million, a P/E ratio of -1.15 and a beta of 2.09. The firm has a 50 day moving average price of GBX 0.52 and a 200-day moving average price of GBX 0.58.

About Haydale Graphene Industries

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.