EQTEC (LON:EQT) Trading Down 7.3% – Time to Sell?

EQTEC plc (LON:EQT)’s share price dropped 7.3% on Tuesday . The company traded as low as GBX 0.05 and last traded at GBX 0.05. Approximately 11,303,459 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 26,471,092 shares. The stock had previously closed at GBX 0.06.

EQTEC Price Performance

The company has a 50 day simple moving average of GBX 0.11 and a 200 day simple moving average of GBX 0.34. The company has a market capitalization of £691,643.04, a price-to-earnings ratio of -0.02 and a beta of 2.07. The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66.

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.