EQTEC (LON:EQT) Shares Down 15.1% – Should You Sell?

EQTEC plc (LON:EQT)’s share price dropped 15.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.05 and last traded at GBX 0.05. Approximately 40,535,809 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 70,023,047 shares. The stock had previously closed at GBX 0.05.

EQTEC Price Performance

The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66. The stock has a market cap of £473,053.50, a P/E ratio of -0.01 and a beta of 2.07. The business’s 50-day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.28.

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. Commercial plants have been built and are operated using EQTEC’s technology.