Quadrise Plc (LON:QED – Get Free Report) shares dropped 7.4% during trading on Thursday . The stock traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.81 ($0.02). Approximately 2,751,638 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 4,596,911 shares. The stock had previously closed at GBX 1.95 ($0.03).
Analysts Set New Price Targets
Separately, Shore Capital reissued a “house stock” rating on shares of Quadrise in a research report on Wednesday, July 10th.
Get Our Latest Analysis on QED
Quadrise Price Performance
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.
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