Quadrise (LON:QED) Shares Down 42.6% – Here’s What Happened

Quadrise Plc (LON:QEDGet Free Report)’s share price was down 42.6% on Friday . The stock traded as low as GBX 3.02 ($0.04) and last traded at GBX 3.34 ($0.04). Approximately 73,752,586 shares traded hands during mid-day trading, an increase of 479% from the average daily volume of 12,733,317 shares. The stock had previously closed at GBX 5.82 ($0.07).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Quadrise in a research note on Friday, December 6th.

Check Out Our Latest Research Report on Quadrise

Quadrise Stock Down 41.2 %

The firm’s fifty day moving average is GBX 4.73 and its 200-day moving average is GBX 2.76.

Quadrise Company Profile

(Get Free Report)

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).

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