Quadrise (LON:QED) Trading Up 13.3% – Here’s Why

Quadrise Plc (LON:QED)’s share price was up 13.3% on Monday . The stock traded as high as GBX 1.70 and last traded at GBX 1.70. Approximately 15,875,637 shares traded hands during mid-day trading, an increase of 357% from the average daily volume of 3,476,854 shares. The stock had previously closed at GBX 1.50.

Analysts Set New Price Targets

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

Quadrise Stock Performance

The company has a market capitalization of £34.10 million, a PE ratio of -10.00 and a beta of 1.09. The stock has a 50 day moving average price of GBX 2.11 and a two-hundred day moving average price of GBX 2.79.

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).