Quadrise (LON:QED) Shares Down 9.9%

Quadrise Plc (LON:QED)’s stock price traded down 9.9% during trading on Tuesday . The stock traded as low as GBX 1.89 ($0.02) and last traded at GBX 1.98 ($0.03). 5,528,945 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 5,235,871 shares. The stock had previously closed at GBX 2.20 ($0.03).

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a research report on Wednesday, June 26th.

Quadrise Stock Performance

The company’s 50 day moving average price is GBX 1.87 and its 200 day moving average price is GBX 1.89.

Quadrise Company Profile

Quadrise Plc, together with its subsidiaries, manufactures, markets, and sells emulsion fuels for use in power generation, industrial, marine diesel engines, and steam generation applications in the United Kingdom. The company produces oil-in-water emulsion-based fuels through its Multiphase Superfine Atomised Residue (MSAR) technology as a substitute for conventional heavy fuel oil; and oil-in-water emulsified synthetic biofuels through its bioMSAR technology as a substitute for biofuel.