Quadrise (LON:QED) Shares Climb 7.9% – Still a Buy?

Quadrise Plc (LON:QED)’s share price was up 7.9% during mid-day trading on Monday. The stock traded as high as GBX 1.75 and last traded at GBX 1.64. 15,575,440 shares were traded during trading, an increase of 273% from the average daily volume of 4,180,390 shares. The stock had previously closed at GBX 1.51.

Wall Street Analyst Weigh In

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

Quadrise Trading Up 7.9%

The business’s fifty day simple moving average is GBX 1.04 and its 200-day simple moving average is GBX 1.75. The firm has a market cap of £35.42 million, a P/E ratio of -9.62 and a beta of 0.72.

Quadrise (LON:QED) last issued its quarterly earnings data on Monday, October 26th. The company reported GBX (0.21) earnings per share for the quarter. Quadrise had a negative return on equity of 61.19% and a negative net margin of 4,695.51%.

About Quadrise

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).