Quadrise (LON:QED) Shares Up 13.3% – Here’s What Happened

Shares of Quadrise Plc (LON:QED) shot up 13.3% on Tuesday . The stock traded as high as GBX 2.39 and last traded at GBX 2.39. 181,505 shares traded hands during trading, a decline of 96% from the average session volume of 4,152,204 shares. The stock had previously closed at GBX 2.11.

Quadrise Price Performance

The company has a market cap of £47.95 million, a PE ratio of -14.06 and a beta of 0.90. The company’s 50 day simple moving average is GBX 2.55 and its two-hundred day simple moving average is GBX 2.52.

About Quadrise

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).