Quadrise (LON:QED) Shares Down 11.8% – Here’s Why

Quadrise Plc (LON:QED) shares fell 11.8% during mid-day trading on Tuesday . The company traded as low as GBX 1.62 and last traded at GBX 1.75. 5,270,139 shares were traded during mid-day trading, an increase of 34% from the average session volume of 3,931,098 shares. The stock had previously closed at GBX 1.99.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “house stock” rating on shares of Quadrise in a research report on Friday.

Quadrise Stock Performance

The company has a market cap of £35.11 million, a P/E ratio of -10.29 and a beta of 0.90. The stock has a 50 day moving average price of GBX 2.57 and a 200 day moving average price of GBX 2.44.

Quadrise Company Profile

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).