Quadrise (LON:QED) Shares Up 8.9% – Here’s Why

Quadrise Plc (LON:QEDGet Free Report) shares traded up 8.9% during mid-day trading on Thursday . The company traded as high as GBX 1.24 and last traded at GBX 1.17. 24,228,531 shares traded hands during trading, an increase of 481% from the average session volume of 4,168,282 shares. The stock had previously closed at GBX 1.07.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Quadrise in a research note on Thursday, July 30th.

Read Our Latest Analysis on QED

Quadrise Price Performance

The stock has a market cap of £26.65 million, a PE ratio of -7.24 and a beta of 0.79. The business has a fifty day moving average of GBX 1.02 and a 200-day moving average of GBX 1.80.

Quadrise Company Profile

(Get Free Report)

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).

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