EQTEC (LON:EQT) Stock Price Down 20.9% – Here’s What Happened

EQTEC plc (LON:EQT) shares traded down 20.9% during mid-day trading on Tuesday . The company traded as low as GBX 0.05 and last traded at GBX 0.05. 17,249,711 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 20,883,105 shares. The stock had previously closed at GBX 0.07.

EQTEC Price Performance

The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.84 and a current ratio of 2.75. The stock’s 50 day simple moving average is GBX 0.13 and its 200 day simple moving average is GBX 0.36. The firm has a market cap of £476,995.20, a P/E ratio of -0.01 and a beta of 2.07.

EQTEC Company Profile

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.