Quadrise (LON:QED) Trading 12.3% Higher – What’s Next?

Quadrise Plc (LON:QED) shot up 12.3% during trading on Friday . The stock traded as high as GBX 3.16 and last traded at GBX 3.16. 1,021,706 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 5,335,053 shares. The stock had previously closed at GBX 2.82.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Quadrise in a research note on Friday, November 28th.

Quadrise Stock Up 12.3%

The stock’s fifty day moving average is GBX 3.01 and its two-hundred day moving average is GBX 3.48. The firm has a market capitalization of £63.39 million, a price-to-earnings ratio of -18.59 and a beta of 1.83.

Quadrise (LON:QED) last announced its quarterly earnings data on Monday, September 29th. The company reported GBX (0.17) EPS for the quarter.

About Quadrise

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).