Enteq Technologies (LON:NTQ) Trading 13% Higher – Here’s What Happened

Enteq Technologies Plc (LON:NTQ) was up 13% on Monday . The company traded as high as GBX 0.87 ($0.01) and last traded at GBX 0.87 ($0.01). Approximately 8,136,291 shares were traded during mid-day trading, an increase of 155% from the average daily volume of 3,195,712 shares. The stock had previously closed at GBX 0.77 ($0.01).

Enteq Technologies Price Performance

The company’s 50-day simple moving average is GBX 12.01 and its 200-day simple moving average is GBX 8.50. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.49 and a quick ratio of 4.36. The company has a market cap of £630,696.00, a price-to-earnings ratio of -29.33, a P/E/G ratio of -0.28 and a beta of 0.68.

Enteq Technologies Company Profile

Enteq Technologies Plc, together with its subsidiaries, provides reach and recovery products and technologies to the technologies oil and gas services market in the United States, China, Europe, Central Asia, Australasia, and internationally. The company designs, manufactures, and sells specialized parts and products for directional drilling and measurement while drilling operations for use in the energy exploration and services sector of the oil and gas industry.