EQTEC (LON:EQT) Trading Down 14.3% – Here’s What Happened

Shares of EQTEC plc (LON:EQT) dropped 14.3% during mid-day trading on Monday . The stock traded as low as GBX 0.06 and last traded at GBX 0.06. Approximately 2,621,004 shares traded hands during trading, a decline of 48% from the average daily volume of 5,038,776 shares. The stock had previously closed at GBX 0.07.

EQTEC Price Performance

The company has a current ratio of 2.75, a quick ratio of 0.84 and a debt-to-equity ratio of 37.66. The company has a market cap of £407,335.20, a PE ratio of -0.01 and a beta of 2.07. The firm has a 50 day moving average of GBX 0.18 and a two-hundred day moving average of GBX 0.38.

EQTEC Company Profile

EQTEC is a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production.

We provide solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

EQTEC designs and supplies advanced gasification solutions and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW. Commercial plants have been built and are operated using EQTEC’s technology.