Questor Technology (CVE:QST) Shares Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST)’s stock price was up 26.3% during mid-day trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares traded hands during trading, an increase of 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

QST has been the topic of a number of research reports. ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their price target for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Acumen Capital boosted their target price on Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a research note on Friday, August 29th. Finally, Atb Cap Markets raised Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Stock Up 26.3%

The firm has a market cap of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51. The business’s fifty day moving average price is C$0.47 and its two-hundred day moving average price is C$0.48. The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.