Quadrise (LON:QED) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Quadrise Plc shares fell below their 200-day moving average of GBX 4.03, trading as low as GBX 3.02 during the session.
• The company's market cap is currently £66.36 million, with a PE ratio of -18.74 and a beta of 1.83.
• Insider transactions include the sale of over 1 million shares by Jason Miles, indicating increased insider activity as 7.42% of the stock is held by insiders.

Quadrise Plc (LON:QED - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.03 ($0.05) and traded as low as GBX 3.02 ($0.04). Quadrise shares last traded at GBX 3.30 ($0.04), with a volume of 2,813,268 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of Quadrise in a report on Thursday, May 1st.

Quadrise Trading Up 7.8%

The firm has a fifty day moving average price of GBX 3.63 and a 200 day moving average price of GBX 4.02. The firm has a market cap of £70.47 million, a PE ratio of -19.90 and a beta of 1.83.

Insiders Place Their Bets

In other Quadrise news, insider Jason Miles sold 2,702,839 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of GBX 4, for a total transaction of £108,113.56. 7.42% of the stock is currently owned by company insiders.

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.