Quadrise (LON:QED) Stock Price Down 11.7% – Here’s What Happened

Quadrise Plc (LON:QED)’s stock price dropped 11.7% on Tuesday . The stock traded as low as GBX 1.89 and last traded at GBX 1.89. Approximately 2,753,765 shares were traded during trading, a decline of 32% from the average daily volume of 4,031,213 shares. The stock had previously closed at GBX 2.14.

Quadrise Trading Down 11.7%

The company has a market cap of £37.92 million, a P/E ratio of -11.12 and a beta of 0.90. The firm’s 50 day moving average price is GBX 2.61 and its 200-day moving average price is GBX 2.47.

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).