EQTEC (LON:EQT) Stock Price Down 7.3% – Here’s What Happened

EQTEC plc (LON:EQT) shares traded down 7.3% during trading on Tuesday . The stock traded as low as GBX 0.05 and last traded at GBX 0.05. 11,303,459 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 26,471,092 shares. The stock had previously closed at GBX 0.06.

EQTEC Stock Performance

The company has a market cap of £405,445.92, a P/E ratio of -0.01 and a beta of 2.07. The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66. The business has a fifty day simple moving average of GBX 0.12 and a two-hundred day simple moving average of GBX 0.34.

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.