Quadrise (LON:QED) Trading Down 9.1% on Insider Selling

Quadrise Plc (LON:QED)’s stock price dropped 9.1% during mid-day trading on Tuesday following insider selling activity. The company traded as low as GBX 3.55 ($0.05) and last traded at GBX 3.58 ($0.05). Approximately 2,315,870 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 6,927,894 shares. The stock had previously closed at GBX 3.94 ($0.05).

Specifically, insider Jason Miles sold 2,702,839 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of GBX 4 ($0.05), for a total transaction of £108,113.56 ($145,157.84).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Quadrise in a research note on Thursday, May 1st.

Quadrise Trading Down 9.1%

The firm has a fifty day simple moving average of GBX 4.32 and a 200-day simple moving average of GBX 4.49. The stock has a market cap of £70.08 million, a price-to-earnings ratio of -19.79 and a beta of 1.83.

About Quadrise

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).