Quadrise (LON:QED) Stock Price Up 11.6% – Here’s What Happened

Quadrise Plc (LON:QED)’s share price traded up 11.6% during mid-day trading on Monday . The company traded as high as GBX 3 and last traded at GBX 2.78. 1,532,074 shares were traded during mid-day trading, a decline of 65% from the average session volume of 4,418,342 shares. The stock had previously closed at GBX 2.49.

Analysts Set New Price Targets

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

Quadrise Price Performance

The stock has a 50 day moving average of GBX 2.46 and a 200 day moving average of GBX 2.56. The firm has a market cap of £55.77 million, a P/E ratio of -16.35 and a beta of 1.00.

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).