Quadrise (LON:QED) Trading Up 13.3% – Here’s Why

Quadrise Plc (LON:QED)’s stock price shot up 13.3% on Monday . The company traded as high as GBX 1.70 and last traded at GBX 1.70. 15,875,637 shares changed hands during mid-day trading, an increase of 357% from the average session volume of 3,476,854 shares. The stock had previously closed at GBX 1.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Quadrise in a report on Monday, January 12th.

Quadrise Trading Up 13.3%

The stock has a 50-day simple moving average of GBX 2.11 and a 200 day simple moving average of GBX 2.79. The stock has a market capitalization of £34.10 million, a price-to-earnings ratio of -10.00 and a beta of 1.09.

Quadrise Company Profile

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).