Quadrise (LON:QED) Trading Up 12.3% – Here’s Why

Quadrise Plc (LON:QED)’s share price was up 12.3% on Friday . The stock traded as high as GBX 3.20 and last traded at GBX 3.20. Approximately 1,957,496 shares traded hands during trading, a decline of 57% from the average daily volume of 4,558,438 shares. The stock had previously closed at GBX 2.85.

Analyst Ratings Changes

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

Quadrise Stock Performance

The firm’s fifty day simple moving average is GBX 2.33 and its 200 day simple moving average is GBX 2.63. The stock has a market capitalization of £54.17 million, a price-to-earnings ratio of -15.88 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).