EQTEC (LON:EQT) Shares Down 22.2% – Time to Sell?

EQTEC plc (LON:EQT)’s stock price fell 22.2% during mid-day trading on Monday . The company traded as low as GBX 0.16 and last traded at GBX 0.20. 9,268,976 shares changed hands during mid-day trading, an increase of 447% from the average session volume of 1,694,364 shares. The stock had previously closed at GBX 0.26.

EQTEC Trading Up 8.6%

The company has a current ratio of 2.75, a quick ratio of 0.84 and a debt-to-equity ratio of 37.66. The stock has a market capitalization of £1.22 million, a P/E ratio of -0.03 and a beta of 2.07. The company has a 50-day moving average price of GBX 0.39 and a 200 day moving average price of GBX 0.51.

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.