Quadrise (LON:QED) Shares Down 10.3% – What’s Next?

Quadrise Plc (LON:QED)’s share price fell 10.3% on Tuesday . The stock traded as low as GBX 2.62 and last traded at GBX 2.67. 211,709 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 737,417 shares. The stock had previously closed at GBX 2.98.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Quadrise in a research report on Friday, November 28th.

Quadrise Trading Down 10.3%

The firm has a market cap of £53.64 million, a PE ratio of -15.73 and a beta of 1.83. The business has a fifty day moving average price of GBX 2.86 and a 200 day moving average price of GBX 3.34.

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).