Quadrise (LON:QED) Stock Price Up 10.2% – Still a Buy?

Quadrise Plc (LON:QEDGet Free Report)’s share price rose 10.2% during mid-day trading on Wednesday . The company traded as high as GBX 3.40 and last traded at GBX 3.14. Approximately 4,461,610 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 4,756,140 shares. The stock had previously closed at GBX 2.85.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Quadrise in a research note on Monday, January 12th.

Get Our Latest Research Report on Quadrise

Quadrise Trading Up 5.3%

The business has a fifty day simple moving average of GBX 2.19 and a two-hundred day simple moving average of GBX 2.67. The company has a market cap of £69.81 million, a PE ratio of -20.47 and a beta of 1.09.

About Quadrise

(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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