Quadrise (LON:QED) Shares Down 3.6% – Here’s Why

Quadrise Plc (LON:QED) shares dropped 3.6% during trading on Wednesday . The company traded as low as GBX 2.11 and last traded at GBX 2.40. Approximately 104,019 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 4,142,315 shares. The stock had previously closed at GBX 2.49.

Quadrise Stock Performance

The stock has a market capitalization of £39.88 million, a P/E ratio of -11.69 and a beta of 0.90. The stock has a 50-day simple moving average of GBX 2.59 and a 200 day simple moving average of GBX 2.51.

Quadrise Company Profile

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).