EQTEC (LON:EQT) Shares Up 97.4% – Here’s What Happened

EQTEC plc (LON:EQT)’s stock price shot up 97.4% during trading on Tuesday . The company traded as high as GBX 0.19 and last traded at GBX 0.15. 170,980,375 shares traded hands during trading, an increase of 124% from the average session volume of 76,487,195 shares. The stock had previously closed at GBX 0.08.

EQTEC Stock Performance

The company has a debt-to-equity ratio of 37.66, a current ratio of 2.75 and a quick ratio of 0.84. The company has a fifty day moving average price of GBX 0.10 and a 200 day moving average price of GBX 0.33. The stock has a market cap of £1.17 million, a P/E ratio of -0.03 and a beta of 2.07.

About EQTEC

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.