EQTEC (LON:EQT) Stock Price Down 8.2% – Here’s Why

EQTEC plc (LON:EQT)’s share price dropped 8.2% during mid-day trading on Tuesday . The stock traded as low as GBX 0.04 and last traded at GBX 0.05. Approximately 326,719,688 shares were traded during trading, an increase of 148% from the average daily volume of 132,002,078 shares. The stock had previously closed at GBX 0.05.

EQTEC Stock Performance

The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.84 and a current ratio of 2.75. The firm has a market cap of £494,078.10, a P/E ratio of -0.01 and a beta of 2.07. The company’s 50 day moving average is GBX 0.07 and its 200 day moving average is GBX 0.26.

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.