EQTEC (LON:EQT) Trading Up 9% – Still a Buy?

EQTEC plc (LON:EQT) shares were up 9% during trading on Monday . The stock traded as high as GBX 0.49 ($0.01) and last traded at GBX 0.49 ($0.01). Approximately 2,063,499 shares changed hands during trading, an increase of 40% from the average daily volume of 1,469,995 shares. The stock had previously closed at GBX 0.45 ($0.01).

EQTEC Stock Up 9.0%

The business has a 50-day simple moving average of GBX 0.46 and a two-hundred day simple moving average of GBX 0.55. The company has a market capitalization of £3.11 million, a price-to-earnings ratio of -7.13 and a beta of 2.07. The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.84 and a current ratio of 2.75.

About EQTEC

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.