The Versarien (LSE:VRS) share price has been pretty volatile recently. This year, the company saw its stock price surge from 45p to over 70p in early January, only to fall back again a month later. And looking over the past 12 months, it has fallen by around 20%.
Last week, the VRS share price once again surged by over 20% within 24 hours. Seeing this level of volatility in young public businesses is not uncommon. But what caused this sudden growth? And should I be considering Versarien for my portfolio as a long-term investment?
Last week’s explosive growth
I’ve explored Versarien’s business before. But as a quick reminder, it’s a specialist materials manufacturer for the industrial sector. Operating through eight subsidiaries, it develops and commercialises new materials used throughout multiple industries, including aerospace, energy, and electronics.
A few months ago, the management team completed an acquisition in South Korea … Read more