Quadrise (LON:QED) Trading Up 11.8% – Still a Buy?

Quadrise Plc (LON:QED)’s stock price was up 11.8% during trading on Tuesday . The stock traded as high as GBX 3.80 ($0.05) and last traded at GBX 3.80 ($0.05). Approximately 891,716 shares changed hands during trading, a decline of 85% from the average daily volume of 5,883,101 shares. The stock had previously closed at GBX 3.40 ($0.05).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Quadrise in a report on Tuesday, September 30th.

Quadrise Stock Performance

The firm has a market capitalization of £69.27 million, a P/E ratio of -2,031.18 and a beta of 1.83. The stock’s 50 day simple moving average is GBX 3.52 and its 200 day simple moving average is GBX 3.97.

Quadrise (LON:QED) last issued its earnings results on Monday, September 29th. The company reported GBX (0.17) EPS for the quarter.

Insider Buying and Selling

In other Quadrise news, insider Jason Miles sold 1,013,049 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of GBX 4, for a total value of £40,521.96. 4.60% of the stock is owned by corporate insiders.

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).