EQTEC (LON:EQT) Trading Up 14.3% – Should You Buy?

Shares of EQTEC plc (LON:EQT) were up 14.3% on Wednesday . The company traded as high as GBX 0.08 and last traded at GBX 0.08. Approximately 8,867,866 shares changed hands during trading, an increase of 76% from the average daily volume of 5,046,984 shares. The stock had previously closed at GBX 0.07.

EQTEC Price Performance

The stock has a market capitalization of £475,224.40, a P/E ratio of -0.01 and a beta of 2.07. The business’s 50 day simple moving average is GBX 0.21 and its two-hundred day simple moving average is GBX 0.40. The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66.

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.