Quadrise (LON:QED) Stock Price Up 11.7% – Here’s Why

Quadrise Plc (LON:QED)’s share price rose 11.7% during trading on Wednesday . The company traded as high as GBX 2.70 and last traded at GBX 2.48. Approximately 8,703,559 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 4,475,629 shares. The stock had previously closed at GBX 2.22.

Analysts Set New Price Targets

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

Quadrise Stock Performance

The company has a market cap of £56.17 million, a price-to-earnings ratio of -16.47 and a beta of 1.09. The stock’s fifty day moving average is GBX 2.04 and its two-hundred day moving average is GBX 2.73.

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).