Quadrise (LON:QED) Shares Up 7.7% - Here's What Happened

Quadrise Plc (LON:QED - Get Free Report)'s share price rose 7.7% during trading on Tuesday . The stock traded as high as GBX 4.90 ($0.06) and last traded at GBX 4.64 ($0.06). Approximately 3,342,692 shares traded hands during trading, a decline of 70% from the average daily volume of 11,015,618 shares. The stock had previously closed at GBX 4.31 ($0.06).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Quadrise in a research note on Tuesday.

Quadrise Trading Down 9.2 %

The firm has a market capitalization of £80.46 million, a P/E ratio of -22.72 and a beta of 1.83. The business has a 50 day moving average of GBX 3.97 and a 200-day moving average of GBX 3.57.

Quadrise Company Profile

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.